Faurecia’s revenue was up by 5.9% to just above €4.0bn (+8.3% currency-adjusted) which brought the 9M number to €13.0bn (+5.4%). The quarterly number is almost in line with our projected €4.05bn and marginally ahead of the consensus number of just below €4.0bn. Unlike other companies, Faurecia is not revising its full-year guidance, i.e. EPS is expected to come in at just above €5.00 while we have a projection of €5.09.
11 Oct 2018
Q3 revenue as expected and no profit warning
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Q3 revenue as expected and no profit warning
Forvia SE (FRVIA:PAR) | 0 0 (-1.4%) | Mkt Cap: 9,624m
- Published:
11 Oct 2018 -
Author:
Hans-Peter Wodniok -
Pages:
2
Faurecia’s revenue was up by 5.9% to just above €4.0bn (+8.3% currency-adjusted) which brought the 9M number to €13.0bn (+5.4%). The quarterly number is almost in line with our projected €4.05bn and marginally ahead of the consensus number of just below €4.0bn. Unlike other companies, Faurecia is not revising its full-year guidance, i.e. EPS is expected to come in at just above €5.00 while we have a projection of €5.09.