Faurecia’s posted revenue that was down 31.2% yoy, with Europe and North America (largest geographical markets) shrinking the most (though showing recovery signs in June). Due to cost savings in R&D and staff, net income fell to “only” €-432.6m (-7% margin vs. 3.9% in H1 19). As for the H2 20 outlook, the company seeks to reach €7.6bn in sales and a 4.5% operating margin (based on a global automotive production of 64m vehicles).
27 Jul 2020
Looking at hydrogen for a mid-term catalyst
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Looking at hydrogen for a mid-term catalyst
Forvia SE (FRVIA:PAR) | 0 0 (-1.4%) | Mkt Cap: 9,624m
- Published:
27 Jul 2020 -
Author:
David Chaucayanqui -
Pages:
3
Faurecia’s posted revenue that was down 31.2% yoy, with Europe and North America (largest geographical markets) shrinking the most (though showing recovery signs in June). Due to cost savings in R&D and staff, net income fell to “only” €-432.6m (-7% margin vs. 3.9% in H1 19). As for the H2 20 outlook, the company seeks to reach €7.6bn in sales and a 4.5% operating margin (based on a global automotive production of 64m vehicles).