Faurecia’s reported revenue was up by 0.2% to €4.33bn in the last quarter, but it fell by 1.1% on a currency-adjusted basis. Excluding several new but small consolidations, organic growth was probably in the vicinity of -3.3%. The full-year reported growth rate will be much stronger as Japanese Clarion will be consolidated starting in Q2 and we expect it to contribute some €1.05bn alone.
23 Apr 2019
Euro weakness supported Q1 19 revenue growth
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Euro weakness supported Q1 19 revenue growth
Forvia SE (FRVIA:PAR) | 0 0 (-1.4%) | Mkt Cap: 9,624m
- Published:
23 Apr 2019 -
Author:
Hans-Peter Wodniok -
Pages:
2
Faurecia’s reported revenue was up by 0.2% to €4.33bn in the last quarter, but it fell by 1.1% on a currency-adjusted basis. Excluding several new but small consolidations, organic growth was probably in the vicinity of -3.3%. The full-year reported growth rate will be much stronger as Japanese Clarion will be consolidated starting in Q2 and we expect it to contribute some €1.05bn alone.