Faurecia has posted third quarter consolidated sales of EUR4.08bn (US$5.3bn) up 7.9% compared to the same period last year, while product sales rose 3.2% to EUR3.2bn, like-for-like.
The French component maker says its Q3 results reflect strong sales growth in North America, up 19%; sustained business growth in Asia and South America, up 10% and a significant sales drop of 4% in Europe
Group sales growth is above automotive production in each of the main regional markets, while Faurecia claims better geographical balance with sales outside Europe reached 48% of sales in the third quarter of 2012, against 40% for the same period of 2011.
For 2012, Faurecia is predicting an increase in the slowdown of automobile production in Europe during the fourth quarter and expects a sharp sales decline, which will affect operating income.
In this context, operating income for the full year 2012 is now expected to be more than EUR500m.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData