Faurecia : A new starting point
>Q1 sales 6% above expectations, outlook very conservative as expected - Faurecia this morning released Q1 2022 revenue amounting to € 5,322m, 6% above consensus expectations at € 5,043m. In detail, revenue was up 33% over Q1, including 2 months of consolidation of Hella, and up 1.1% organically, a solid >5 pts outperformance vs global LVP down 4.2%. More importantly, today’s focus was more on the new FY outlook which includes for the first time Hella (11 months) and ...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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