Faurecia’s reported revenue was down 13.5% yoy, including a positive scope effect of €268m from the Clarion and SAS consolidation. Such revenue contraction happened in a quarter that saw worldwide automotive production down by 23.6% (according to IHS Markit). Furthermore, IHS Markit expects worldwide automotive production to be down 45% in Q2 and -34% in H1. Therefore, and taking into account Faurecia’s geographical sales composition, we expect a more severe revenue contracti ....