During the first semester of 2017, Faurecia boasts strong sales growth at +10% and confirms 2017 guidance.
Q1-2017: strong growth
- Value-added sales at € 4.23 billion up 10.0% (+9.8% organic*) above worldwide automotive production growth (+4.9%)
- Very good first quarter in China and Americas
- All 3 Business Groups posted solid value-added sales growth and gained market share especially Seating and Interiors with a double digit growth
- Clean Mobility CVE sales rose 28% driven by sales to Cummins
- Sales to Chinese carmakers up by an outstanding 89% and represented 17.5% of Chinese sales.
Patrick Koller, CEO of Faurecia commented: “In Q1-2017, Faurecia achieved a solid performance with sales growth at 9.8%. All three Business Groups performed well and contributed to the strong growth. Value-added sales organically grew 12.9% in North America and 22.5% in China. We expect the positive momentum to continue at least in Q2 2017.”
