Faurecia: raises annual targets.
(CercleFinance.com) - On unveiling its interim results, Faurecia has increased its annual targets, now expecting FY 2017 EPS of over four euros (against a previous guidance provided on 9 February of "around four euros".
It now forecasts an operating margin of between 6.6% and 7.0% (rather than "between 6.4% and 6.8%") for a 7% increase in value-added sales at constant exchange rates , meaning about 500 basis points above the growth of global car production.
In the first half of the year, Faurecia posted a 28% increase in its net income (group share) at 314 million euros and an operating margin on value-added sales of 6.8%, up 60 bp.
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It now forecasts an operating margin of between 6.6% and 7.0% (rather than "between 6.4% and 6.8%") for a 7% increase in value-added sales at constant exchange rates , meaning about 500 basis points above the growth of global car production.
In the first half of the year, Faurecia posted a 28% increase in its net income (group share) at 314 million euros and an operating margin on value-added sales of 6.8%, up 60 bp.
Copyright (c) 2017 CercleFinance.com. All rights reserved.