FAURECIA: RESILIENT SALES WITH OUTPERFORMANCE AT CONSTANT CURRENCIES OF 58bps – GlobeNewswire

Nanterre (France), April 23, 2019FIRST-QUARTER 2019 SALESRESILIENT SALES WITH OUTPERFORMANCE AT CONSTANT CURRENCIES OF 580bps* Automotive production figures refer to IHS Markit dated April 16, 2019 (vehicle segments in line with CAAM for China)** In Q1, this new BG only includes sales from Coagent (consolidated since January 1, 2018) and Parrot Automotive (sales consolidated since January 1, 2019); Clarion will be consolidated as from April 1, 2019RESILIENT SALES IN A CHALLENGING ENVIRONMENT AT €4,325m (UP 0.2% ON A REPORTED BASIS) WITH OUTPERFORMANCE AT CONSTANT CURRENCIES OF 580bpsBy region:Outperformance in Europe, Asia and South AmericaNorth America, as expected, was impacted by the end of production of a significant Seating program for Daimler in CottondaleAll Business Groups outperformed worldwide automotive production:Seating outperformed worldwide automotive production by 700bps (the expected end of production of two programs, one in Europe and one in North America, being partly offset by the bolt-on contribution from BYD Seating activities in Asia)Interiors by 140bpsClean Mobility by 820bpsCONFIRMED FULL-YEAR GUIDANCEPatrick Koller, CEO of Faurecia, declared:”In an environment that was expected to be difficult in the first half of the year, our first-quarter sales were resilient and strongly outperformed worldwide automotive production.On April 1, in Japan, we celebrated Clarion’s entry into our Group and we will consolidate its operations within our fourth Business Group “Faurecia Clarion Electronics” as from the next quarter.We fully confirm our guidance for the year, as presented in February.”The Board of Directors, under the chairmanship of Michel de Rosen, met on April 19, 2019 and reviewed Faurecia’s performance in Q1 2019.RESILIENT SALES IN A CHALLENGING ENVIRONEMENTReported sales up 0.2%Sales at constant currencies down 1.1% > https://edge.media-server.com/m6/p/zbiz83wzCalendarUntil April 25, 2019:                          Shanghai International Automobile Industry ExhibitionMay 28, 2019:                                    Annual Shareholders’ Meeting (Paris)July 23, 2019:                                     H1 2019 results announcement (before market hours)October 17, 2019:                            Q3 2019 sales announcement (before market hours)November 26, 2019:                        Capital Markets Day focused on the new Business Group “Faurecia Clarion Electronics” (Paris)About FaureciaFounded in 1997, Faurecia has grown to become a major player in the global automotive industry. With around 300 sites including 46 R&D centers and 122,000 employees in 37 countries, Faurecia is now a global leader in its four areas of business: Seating, Interiors, Clarion Electronics and Clean Mobility. Faurecia has focused its technology strategy on providing solutions for “Cockpit of the Future” and “Sustainable Mobility”. In 2018, the Group posted sales of €17.5 billion. Faurecia is listed on the Euronext Paris stock exchange and is a component of the CAC Next 20 index. For more information, please visit www.faurecia.comAppendicesQ1 2019 Sales by regionQ1 2019 Sales by Business GroupQ1 2019 Detailed contribution from bolt-ons to sales2018 Sales by quarter and Business Group, presenting Coagent separatelyAttachmentpdf version.pdf
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