Report
Michael Foundoukidis

Faurecia : Pas beaucoup plus avancés…

>Un CA T1 sans grande surprise mais un cash burn plus prononcé - Faurecia a publié, hier, un CA T1 en forte baisse (-20% en org.) mais sans grande surprise par rapport à des attentes déjà faibles dans le contexte de production (-24% au T1). Toutefois, l’attention autour de cette publication se situait davantage dans le message concernant les perspectives et la liquidité. Sur le premier point, pas de nouvelle guidance annuelle mais un message logiquement prudent sur le...
Underlying
Faurecia SA

Faurecia is an automobile equipment supplier based in France. Co.'s activities can be divided into four business units: Automotive Seating (design of vehicle seats, manufacture of seating frames and adjustment mechanisms, and assembly of complete seating units); Emissions Control Technologies (design and manufacture of exhaust systems); Interior Systems (design and manufacture of instrument panels, door panels and modules, and acoustic components); and Automotive Exteriors (design and manufacture of front ends and safety modules). Some of Co.'s customers are PSA Peugeot Citroen, VW Group, Renault-Nissan, Ford Group, BMW and GM Group.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Michael Foundoukidis

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