Faurecia: sales down 1.1% at constant exchange rates

(CercleFinance.com) - Faurecia has posted in Q1 2019 sales of 4,324.
6 million euros, up 0.2% as reported.

At constant exchange rates, sales are down 1.1%, outperforming world
automobile production by 580 basis points.

The French automotive supplier outperformed in all regions, except North
America, which was impacted by the expected effect of an end to production of a program for its seating business.

Faurecia confirms its 2019 sales growth target at constant exchange
rates, which is expected to outperform world automobile production by
150-350 basis points, with an operating margin of at least 7%.


Copyright (c) 2019 CercleFinance.com. All rights reserved.