Faurecia has reported half-year net income almost doubling to EUR157m (US$172m), while total sales rose 12.6% to EUR10.5bn.
Operating income was EUR424m, up 40%, representing 4% of total sales, compared with 3.2% in 2014.
“Faurecia posted solid sales growth in the first half of 2015, driven in particular by strong organic growth in sales in Europe and in North America, clearly outperforming automotive production in both regions,” said Faurecia chairman and CEO, Yann Delabriere.
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“Faurecia also significantly improved profitability, with operating income up 40% and net income up 96%. All Faurecia Business Groups achieved growth in sales and profitability.
“As a result, in the second half of 2015, six months ahead of schedule, Faurecia will meet its 2016 operating margin target of between 4.5% and 5%.”
