Faurecia : Focus on cash and deleveraging confirmed, it’s all about execution now
>Power25 strategy and ambitions unveiled ahead of today’s CMD - Faurecia issued this morning a press release ahead of today’s CMD starting at 11.00am CET (until 05.00pm) in which it detailed new targets for the new Forvia combined entity (including both the Faurecia and Hella scopes). As a reminder, the group already announced 2025 targets for the new entity at the time of the Hella acquisition announcement (August 2021) but the environment has changed a lot since 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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