Faurecia: Q3 sales up 4.3%
(CercleFinance.com) - Faurecia has published Q3 2019 sales that are up 4.
3% at 4,185 million euros, although down 3.7% at constant exchange rates and excluding changes in Clarion's consolidation scope, reflecting market conditions and other temporary impacts.
"Since the beginning of the year, our sales posted a solid outperformance versus automotive production of close to 300 basis points" said Patrick Koller, Faurecia's CEO, who added, "In addition, we are on track for a record year of order intake in 2019."
Based on the discounted assumption of a decrease in global automotive production of nearly 6% in 2019, and taking into account the impact of the application of IFRS 16 from 1 January, Faurecia is maintaining its financial targets unchanged.
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