Faurecia launches auto earnings season on a positive note
Faurecia, the French automotive equipment supplier, held a conference call to present what proved to be a strong set of 3Q17 sales figures. Organic growth (excluding the newly consolidated JVs) stood at 7.3% (+10.7% including them), accelerating from the already high 6.1% increase in H1. While benefiting from the market’s 2% growth, Faurecia’s market outperformance by 530bps underlines the company’s current favourable product mix, which notably benefits from the ramp up of new PSA models and the Ford F-250.
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