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July 25, 2017updated 09 Apr 2021 12:41pm

Faurecia H1 profit up 28% to EUR314m

Faurecia has posted half-year profit up 28% to EUR314m (US$366m), while sales rose 8.5% to EUR8.6bn.

Faurecia has posted half-year profit up 28% to EUR314m (US$366m), while sales rose 8.5% to EUR8.6bn.

All Business Groups posted organic growth of more than 6%, while all regions contributed and outperformed automotive production increases. North America, Asia and South America posted double-digit rises.

By customer, developments came from Ford (+20% organic), FCA (+36% organic), Cummins for commercial vehicles (+44% organic) and Chinese OEMs, which almost doubled (+96% organic).

“Our strong performance in the first half of the year, as regards both sales growth and profitability, reflects our strong operational performance in all regions and Business Groups,” said Faurecia CEO, Patrick Koller.

“This performance and our outlook for the second half of the year, allow us to upgrade our full-year guidance and strengthen our confidence we are fully on track to achieve our 2018 ambitions.

“At the same time, we have accelerated in our strategic priorities, Sustainable Mobility, Smart Life on Board and Asia, through the establishment of important partnerships and commercial success.”

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