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FAURECIA: Strong 2H16 again, confident outlook
​Faurecia, the French automotive equipment supplier, posted a sound set of 2H16 results. As opposed to Adient, Faurecia did not show any top line softness with value added sales up 3.5% like for like to €7,692m. Those were mainly driven by Asia with a 12.5% growth, above market’s 11.4%. China was naturally the main contributor as it saw sales surging by 9% notably fueled by the consumer’s rush before the decrease of tax incentives. On the other hand, exposure to underperforming models wa...
FAURECIA - 3Q16 SALES
​Faurecia, the French automotive equipment supplier, posted decent 3Q16 sales figures. While total yoy organic sales came up 1.6%, value added revenues were up 3.7% organically to €3,531m (excluding monoliths trading). Notwithstanding, the company underperformed the market in its three main geographies. In Europe (55% of sales), down -3% to €1,695m, the market saw a healthy 5% growth in registrations but production unexpectedly declined by 2% due to inventory reductions by automakers.
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