Faurecia’s revenue increased by 9.3% to €4.32bn on a currency-adjusted basis, but the euro’s strength resulted in a reported growth rate of only 2.7%. The discrepancy was particularly strong in LatAm (23.9ppt) and North America (13.9ppt) and, division-wise, in Clean Mobility (8ppt). To reach our full-year revenue projection of €17.76bn, reported sales growth should be a good 5% in the remaining quarters.
20 Apr 2018
6.6ppt growth difference between reported and organic
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
6.6ppt growth difference between reported and organic
Forvia SE (FRVIA:PAR) | 0 0 (-1.4%) | Mkt Cap: 9,624m
- Published:
20 Apr 2018 -
Author:
Hans-Peter Wodniok -
Pages:
2
Faurecia’s revenue increased by 9.3% to €4.32bn on a currency-adjusted basis, but the euro’s strength resulted in a reported growth rate of only 2.7%. The discrepancy was particularly strong in LatAm (23.9ppt) and North America (13.9ppt) and, division-wise, in Clean Mobility (8ppt). To reach our full-year revenue projection of €17.76bn, reported sales growth should be a good 5% in the remaining quarters.