Faurecia’s revenue and profit numbers (except for net profit) are above our projections and also above consensus numbers. As management expects further revenue and profit margin growth in 2016, it proposes a dividend of €0.65 (€0.35 was paid for 2014) instead of our envisaged €0.50. The group increased sales by 10% to €20.7bn (we had expected €20.3bn) and EBIT by 36% to €913m (our projection was €840m). Net profit after minorities amounted to €370
11 Feb 2016
Superb 2015 numbers and a good outlook for 2016
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Superb 2015 numbers and a good outlook for 2016
Forvia SE (FRVIA:PAR) | 0 0 (-1.4%) | Mkt Cap: 9,624m
- Published:
11 Feb 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
Faurecia’s revenue and profit numbers (except for net profit) are above our projections and also above consensus numbers. As management expects further revenue and profit margin growth in 2016, it proposes a dividend of €0.65 (€0.35 was paid for 2014) instead of our envisaged €0.50. The group increased sales by 10% to €20.7bn (we had expected €20.3bn) and EBIT by 36% to €913m (our projection was €840m). Net profit after minorities amounted to €370