Faurecia : A much more solid profile now
>A solid release, encouraging for 2023 - From a purely operating perspective, this release confirms the progress being made by Faurecia/Forvia, with an operating margin of 5.0% (+60bp vs H1) and FCF generation now the priority and showing very strong growth (+€ 369m in H2). Despite what we see as a positive outlook for 2023 and the fact that it beat expectations (factoring in management’s conservative approach), we have cut our estimates at the EPS level (-8% for EPS ...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.