Faurecia: annual earnings up 17%
(CercleFinance.com) - Faurecia has published 2018 net income (group share) that is up 17% at 701 million euros, or 5.
11 euros per share, with operating profit that is up 10% at 1.274 billion euros, i.e. a margin of 7.3% (+50 basis points).
The automotive equipment maker's sales reached 17.5 billion euros, up 7% at constant exchange rates, outperforming growth in world car production by 810 basis points.
The group proposed a 14% increase in its dividend at 1.25 euro per share, and for 2019 expects operating profit that is expected to grow in value with a margin of at least 7% (including the consolidation of Clarion as from 1 April).
Copyright (c) 2019 CercleFinance.com. All rights reserved.
11 euros per share, with operating profit that is up 10% at 1.274 billion euros, i.e. a margin of 7.3% (+50 basis points).
The automotive equipment maker's sales reached 17.5 billion euros, up 7% at constant exchange rates, outperforming growth in world car production by 810 basis points.
The group proposed a 14% increase in its dividend at 1.25 euro per share, and for 2019 expects operating profit that is expected to grow in value with a margin of at least 7% (including the consolidation of Clarion as from 1 April).
Copyright (c) 2019 CercleFinance.com. All rights reserved.