Faurecia posted a -23.7% yoy 9M 20 sales contraction driven by Clarion Electronics (-40.1% yoy in Q3 20) and Clean Mobility (-8.2% yoy in Q3 20). Geographically, South America and Europe led the contraction (-42.9% yoy and -7.9% yoy, respectively, in Q3 20), with China softening the fall (+15.4% yoy in Q3 20). Despite this contraction, Faurecia experienced some recovery in 9M 20 vs. H1 20 (-23.7% yoy and -31.2% yoy, respectively) encouraging the company to raise its guidance.
29 Oct 2020
Chinese commercial vehicles supercharging Faurecia's recovery
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Chinese commercial vehicles supercharging Faurecia's recovery
Forvia SE (FRVIA:PAR) | 0 0 (-1.4%) | Mkt Cap: 9,624m
- Published:
29 Oct 2020 -
Author:
David Chaucayanqui -
Pages:
3
Faurecia posted a -23.7% yoy 9M 20 sales contraction driven by Clarion Electronics (-40.1% yoy in Q3 20) and Clean Mobility (-8.2% yoy in Q3 20). Geographically, South America and Europe led the contraction (-42.9% yoy and -7.9% yoy, respectively, in Q3 20), with China softening the fall (+15.4% yoy in Q3 20). Despite this contraction, Faurecia experienced some recovery in 9M 20 vs. H1 20 (-23.7% yoy and -31.2% yoy, respectively) encouraging the company to raise its guidance.