Faurecia met consensus expectations on H1 21 sales, while posting a slight beat on the operating margin and cash generation, leading to a minor upgrade on the net cash flow guidance for FY21. A conservative speech and favourable seasonality in H2 21 call for guidance beat, but the market is concerned about the risk of an equity raising for M&A purposes.
30 Jul 2021
No guidance upgrade and M&A fears put pressure on the stock
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No guidance upgrade and M&A fears put pressure on the stock
- Published:
30 Jul 2021 -
Author:
Valentin Mory -
Pages:
3
Faurecia met consensus expectations on H1 21 sales, while posting a slight beat on the operating margin and cash generation, leading to a minor upgrade on the net cash flow guidance for FY21. A conservative speech and favourable seasonality in H2 21 call for guidance beat, but the market is concerned about the risk of an equity raising for M&A purposes.