Faurecia’s FY22 results met the company’s guidance through the P&L and showed better than-expected net cash, lowering the closely-watched leverage ratio to 2.6x. The FY23 outlook backs the margin recovery scenario with decreasing cost headwinds, yet with a cautious view on global automotive production. Faurecia also raised its cost synergies assessment and announced a divestment for €540m, reaching its €1bn divestment plan. This answers investors’ debt concerns and raises speculation on: is ther ....
