Faurecia: Clean Mobility set to more than double by 2030.
(CercleFinance.com) - As part of an investor day held in London today, Faurecia has unveiled the long-term outlook for its Clean Mobility division (formerly Faurecia Emissions Control Technologies).
By 2030, its "value-added" sales should more than double to over ten billion euros.
In the first quarter, this division had value-added turnover of 1.1 billion euros, i.e. 26.5% of the group's total business, representing organic growth of 5.5%, or 8.1% on a reported basis.
According to the automotive component supplier's management, over the next 15 years Clean Mobility is expected to post an annual average growth of over 7%. Excluding monoliths for catalytic converters intended for exhaust systems, Faurecia's margin-free buy-sell business, by 2030 the division would reach turnover of over ten billion euros by 2030, with an operating margin of 15%.
By way of comparison, in 2016, Clean Mobility generated value-added sales of 4.2 billion euros (excluding monoliths), with a margin of 9.4% (+110 basis points).
Copyright (c) 2017 CercleFinance.com. All rights reserved.
By 2030, its "value-added" sales should more than double to over ten billion euros.
In the first quarter, this division had value-added turnover of 1.1 billion euros, i.e. 26.5% of the group's total business, representing organic growth of 5.5%, or 8.1% on a reported basis.
According to the automotive component supplier's management, over the next 15 years Clean Mobility is expected to post an annual average growth of over 7%. Excluding monoliths for catalytic converters intended for exhaust systems, Faurecia's margin-free buy-sell business, by 2030 the division would reach turnover of over ten billion euros by 2030, with an operating margin of 15%.
By way of comparison, in 2016, Clean Mobility generated value-added sales of 4.2 billion euros (excluding monoliths), with a margin of 9.4% (+110 basis points).
Copyright (c) 2017 CercleFinance.com. All rights reserved.