Faurecia : The sun breaks through the clouds
After two challenging years, Faurecia ended FY 2022 on a fairly good note helped by a brisk upturn in volumes. The auto sector is steadily recovering now that the shortage of electronics components and covid-related restrictions are almost a thing of the past. What's more, Faurecia will be able to count on the expected synergies of HELLA integration, which have been revised upwards, as well as its asset divestment programme, of which € 1.3bn of transactions have been announced to...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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