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July 26, 2016

Faurecia posts H1 operating income up 28% to EUR490m

Faurecia has unveiled half year operating income up 28% to EUR490m (US$539m), representing 5.1% of total sales.

Faurecia has unveiled half year operating income up 28% to EUR490m (US$539m), representing 5.1% of total sales.

Net income rose 56% to EUR245m, while total sales were EUR9.53bn, representing organic growth of 3.4%.

“Faurecia’s robust profitability in the first half of 2016 of 5.1% operating margin, an increase of 110bp, was driven by a strong organic growth in Europe, clearly outperforming automotive production, a profitability breakthrough in North America and robust profitability in Asia,” said Faurecia CEO, Patrick Koller.

“Based on an encouraging first half and an effective execution, we are upgrading our 2016 guidance. Our order intake momentum is very significant indicating solid future growth.

“The expected closing this week of the Exteriors disposal will allow us to further focus on our two strategic priorities: Sustainable mobility and Cockpit of the future.”

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