Faurecia : Resilience again demonstrated, more than sufficient in the current context
>Publication and guidance broadly in line with expectations - Faurecia has once again demonstrated the resilience that has characterised it for several years now by meeting all its 2019 targets despite a much tougher-than- expected environment (albeit with some adjustments to the FCF). Beyond that, management has also been reassuring about its 2020 outlook despite low visibility (particularly in China) and a more cautious global production scenario (-3% vs a slight dr...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.
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.
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