Faurecia: sets targets through to 2022
(CercleFinance.com) - At its CMD, Faurecia announces its financial targets through to 2022, with average sales growth that should exceed 5% between 2019 and 2022 to over 20.
5 billion euros in 2022.
The automotive equipment supplier estimates that its operational margin should reach 8% in 2022 (against a confirmed target of at least 7% in 2019), while its net cash flow, 4% of sales by 2022, thanks to the "Convert2Cash" program.
These targets should be achieved despite a major revision of world car production. According to Faurecia, market volumes are expected to fall slightly in 2020, before inching up 1% in 2021 and 2022.
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