Faurecia achieved revenue of €17.5bn in 2018, an increase of 3.3% (+7% in constant currencies). At the same time, EBIT increased by 9% to €1.27bn and net earnings by 15% to €701m. These numbers were about in-line with consensus expectations but higher than our projections. We had forecasted revenue of just below €17.0bn, EBIT of €1.17bn and net profit of €610m. The dividend proposal is €1.25 compared to €1.10 paid for 2017 while we had anticipated &euro
18 Feb 2019
Better than expected numbers, except for the dividend
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Better than expected numbers, except for the dividend
Forvia SE (FRVIA:PAR) | 0 0 (-1.4%) | Mkt Cap: 9,624m
- Published:
18 Feb 2019 -
Author:
Hans-Peter Wodniok -
Pages:
2
Faurecia achieved revenue of €17.5bn in 2018, an increase of 3.3% (+7% in constant currencies). At the same time, EBIT increased by 9% to €1.27bn and net earnings by 15% to €701m. These numbers were about in-line with consensus expectations but higher than our projections. We had forecasted revenue of just below €17.0bn, EBIT of €1.17bn and net profit of €610m. The dividend proposal is €1.25 compared to €1.10 paid for 2017 while we had anticipated &euro