Faurecia announced this morning its financial annual results. The Group’s total sales for fiscal 2013 stood at €18.03 billion, 5.0% more compared to 2012 with total sales of €17.36 billion. During the second half of 2013, total sales increased by 6.1%.
2013 annual results show significant growth in the second half of the year.
Fiscal 2013
- Total sales up 5.0%1 to €18.03 billion;
- Operating income of €538 million (3.0% of total sales);
- Net income of €88 million, or 82 euro cents per share;
- Net cash flow of €144 million, exceeding the target;
- Net financial debt of €1.52 billion, down €290 million.
Second half 2013
- Total sales up 6.1% to €8.76 billion;
- Operating income of €282 million (3.2% of total sales);
- Net income of €53 million.
Yann Delabrière, Chairman and CEO of Faurecia, stated: “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. Faurecia accelerated its technological leadership in all of its Business Groups. The action plans to focus on cash generation, have brought results: the Group generated a net cash flow of €144 million, above its objectives, and debt has been reduced by €290 million. Faurecia has thus significantly strengthened its financial position.”
