Faurecia reported revenue up by 8.9% yoy including 12.2% yoy organic growth driven by China which overtook pre-crisis (Q1 19) figures. Despite an outperformance in all its markets, Faurecia underperformed worldwide automotive production by 60bp due to an unfavourable geographical mix. Q2 should see an acceleration of the outperformance as production in North America and Europe resumes. Lastly, the (too) conservative FY21 was maintained.
21 Apr 2021
Robust start into the year - China already beyond the crisis
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Robust start into the year - China already beyond the crisis
- Published:
21 Apr 2021 -
Author:
Valentin Mory -
Pages:
3
Faurecia reported revenue up by 8.9% yoy including 12.2% yoy organic growth driven by China which overtook pre-crisis (Q1 19) figures. Despite an outperformance in all its markets, Faurecia underperformed worldwide automotive production by 60bp due to an unfavourable geographical mix. Q2 should see an acceleration of the outperformance as production in North America and Europe resumes. Lastly, the (too) conservative FY21 was maintained.