Faurecia says Group total sales for fiscal 2013 were EUR18.03bn, 5% more compared to 2012 with total sales of EUR17.36bn.
During the second half of 2013, total sales increased by 6.1%.
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Total sales up 5%1 to EUR18.03bn, operating income was EUR538m (3% of total sales), while net income totalled EUR88m.
The second half of 2013 showed total sales up 6.1% to EUR8.76bn, operating income of EUR282m and net income of EUR53m.
“In 2013, Faurecia achieved a solid sales increase, driven in particular by remarkable growth in Asia, where sales rose more than 20% for the seventh year in a row,” said Faurecia chairman and CEO, Yann Delabrière.
“The action plans to focus on cash generation, have brought results: the Group generated a net cash flow of EUR144m, above its objectives and debt has been reduced by EUR290m.
“Faurecia has thus significantly strengthened its financial position.”
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