Faurecia’s organic revenue growth was -3.0% and its profit numbers were slightly down, whereas the dividend was raised from last year’s €1.25 to €1.30. We had expected this dividend increase although revenue and net earnings were slightly below our projections. Management sees organic 2020 revenue growth of -1% to -2% compared to a 3% fall of worldwide automotive production. However, the reported number will be up as the full consolidation of Clarion and the JV with Cont
17 Feb 2020
Lower than expected profit numbers
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Lower than expected profit numbers
Forvia SE (FRVIA:PAR) | 0 0 (-1.4%) | Mkt Cap: 9,624m
- Published:
17 Feb 2020 -
Author:
Hans-Peter Wodniok -
Pages:
2
Faurecia’s organic revenue growth was -3.0% and its profit numbers were slightly down, whereas the dividend was raised from last year’s €1.25 to €1.30. We had expected this dividend increase although revenue and net earnings were slightly below our projections. Management sees organic 2020 revenue growth of -1% to -2% compared to a 3% fall of worldwide automotive production. However, the reported number will be up as the full consolidation of Clarion and the JV with Cont