Faurecia : 2019 Half year report

2019

Half-Year Results

Contents

Key figures

3

1.	Business review	5
1.1.	Main events	6
1.2.	Automotive production	7
1.3.	Sales	8
1.4.	Operating Income	11
1.5.	Net income	12
1.6. Financial structure and net debt	13
1.7.	Outlook	15

2.	Consolidated financial statements	17
2.1. Consolidated statement of comprehensive income	18
2.2.	Consolidated balance sheet	20
2.3. Consolidated cash fl ow statement	22
2.4. Consolidated statement of changes in equity	23
2.5. Notes to the consolidated fi nancial statements	24
3.	Statement by the person responsible
	for the 2019 half year financial report	53
4.	Statutory Auditors' review report
	on the interim financial information	55

/ 2019 half-year results

Interim results

2019

/ 2019 half-year results

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Key figures

8,991.3	8,972.0
- 2.8%(1)			342.0		345.6
		647.2	644.8
		7.2%	7.2%		3.8%	3.9%
H1 2018	H1 2019	H1 2018	H1 2019*	H1 2018		H1 2019*

Sales	Operating Income(2)	Net income/(loss) attributable
(in €m)	(in €m and as a % of Sales)	to equity holders
		(in €m and as a % of Sales)

	1,170.8	278.3	285.8
1,060.8
			247.0	256.5
11.8%	13.1%	3.1%	3.2%	2.7%	2.9%
H1 2018	H1 2019*	H1 2018	H1 2019	H1 2018	H1 2019*
EBITDA(3)		Capital expenditure	Net Cash Flow

(in €m and as a % of Sales)

(in €m and as a % of Sales)

(in €m and as a % of Sales)

					2,464.6
115,686	116,067
			4,121.7
		3,734.8
				465.2
H1 2018	H1 2019	H1 2018	H1 2019*	H1 2018	H1 2019*

Number of employees	Total equity	Net debt(4)
	(in €m)	(in €m)

• After application of IFRS 16 in 2019, no pro-forma restatement in 2018.

1. At constant currencies, including Bolt-Ons and excluding Clarion acquisition effect.
2. Before amortization of acquired intangible assets (Note 1A to the consolidated financial statements).
3. Operating income before depreciations and amortizations of assets (§ 2.3 to the consolidated financial statements).
4. Note 18.1 to the consolidated financial statements.

/ 2019 half-year results

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