Faurecia increased revenue by almost 13% to €10.5bn. Simultaneously, EBIT skyrocketed by 36% to €424m and net profit after minorities by 78% to €157m. All these growth rates are based on the numbers that were reported for H1 14, i.e. not on adjusted numbers. While revenue is some €0.5bn higher than expected, EBIT is in line with our projected €420m while net profit is below our number of €175m. For the full-year, management almost maintains its guidance except th
24 Jul 2015
H1 15 was as strong as expected
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H1 15 was as strong as expected
Forvia SE (FRVIA:PAR) | 0 0 (-1.4%) | Mkt Cap: 9,624m
- Published:
24 Jul 2015 -
Author:
Hans-Peter Wodniok -
Pages:
2
Faurecia increased revenue by almost 13% to €10.5bn. Simultaneously, EBIT skyrocketed by 36% to €424m and net profit after minorities by 78% to €157m. All these growth rates are based on the numbers that were reported for H1 14, i.e. not on adjusted numbers. While revenue is some €0.5bn higher than expected, EBIT is in line with our projected €420m while net profit is below our number of €175m. For the full-year, management almost maintains its guidance except th