Author: Faurecia Official News

SHAPING THE FUTURE OF MOBILITY IN THE SILICON VALLEY

Reinforcing our innovation ecosystem is one of our top 2018 priorities following the January launch of our new TechCenter in Silicon Valley. We’re excited to be at the heart of open collaboration that’s connecting the automotive industry to start-ups, universities and tech entrepreneurs to explore the car of the future. To highlight this, we opened… Continue reading SHAPING THE FUTURE OF MOBILITY IN THE SILICON VALLEY

FAURECIA COMPLETES PURCHASE OF HUG ENGINEERING

Faurecia today announced that it had completed the acquisition of 100% of the Swiss company Hug Engineering, a market leader in complete exhaust gas purification systems for high horsepower engines (above 750hp).  These engines are used in applications including marine propulsion, power generation, rail, agricultural and other industries.  This acquisition represents a major step forward… Continue reading FAURECIA COMPLETES PURCHASE OF HUG ENGINEERING

FAURECIA SUCCESSFULLY PRICES €700 MILLION OF 2.625% SENIOR NOTES DUE 2025

Faurecia announces the success of the above transaction, launched February 21st, 2018. Faurecia priced €700m of senior notes due 2025 at 2.625%. The quality of the investor base and the very favourable conditions achieved demonstrate the significant appreciation of Faurecia’s credit quality. Faurecia will use the proceeds of the issuance of the Notes, together with… Continue reading FAURECIA SUCCESSFULLY PRICES €700 MILLION OF 2.625% SENIOR NOTES DUE 2025

PROJECT TO TRANSFORM FAURECIA (SA) INTO A EUROPEAN COMPANY (SE)

At its meeting on February 15, 2018, the Faurecia Board of Directors decided to submit a proposal to shareholders to convert Faurecia as a “European Company” (Societas Europaea, SE) Around half of Faurecia’s sales currently come from Europe, where the Group has around 45,000 employees – including 10 000 in France – in 110 production sites… Continue reading PROJECT TO TRANSFORM FAURECIA (SA) INTO A EUROPEAN COMPANY (SE)

2017 ANNUAL RESULTS – STRONG PERFORMANCE IN 2017 WITH OPERATING MARGIN AT 7% OF SALES IN H2 2018, GUIDANCE AHEAD OF ROADMAP

Record order intake at €62 Bn, up €9 Bn. Acceleration of innovation strategy. Proposed dividend of €1.10 per share, up 22% year-on-year in €m 2016 2017 Change Sales* 15,613.6 16,962.2 +10.6%** Operating income 970.2 1,170.3 +20.6% as % of sales 6.2% 6.9% +70bps Net income from continued operations 532.5 714.5 +34.2% Recurring net cash flow… Continue reading 2017 ANNUAL RESULTS – STRONG PERFORMANCE IN 2017 WITH OPERATING MARGIN AT 7% OF SALES IN H2 2018, GUIDANCE AHEAD OF ROADMAP