Faurecia : Page has been turned on 2021, a more favourable 2022 in sight
>2021 earnings and 2022 outlook broadly in line - Faurecia’s release was broadly in line with our estimates and those of the consensus. The group confirmed, if proof were still needed, that H2 2021 was very tough to manage for auto suppliers and above all for Faurecia, which was also penalised by operating difficulties in its Seating business in North America. Although the 2022 outlook should not trigger upward revisions to estimates (in line for sales and EBIT, sligh...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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