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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Faurecia    EO   FR0000121147

FAURECIA

(EO)
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Faurecia to Buy Continental Out of SAS JV

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10/14/2019 | 04:15am EST

By Cristina Roca

French car parts maker Faurecia said Monday that it has signed a memorandum of understanding to buy the 50% of SAS it didn't already own from Continental AG for 225 million euros ($248.3 million) excluding cash.

SAS, a joint venture between Faurecia and Continental, is a key player in complex interior module assembly and logistics, the companies said.

SAS' sales should be around EUR700 million this year, and should

exceed EUR1 billion by 2024, Faurecia said. "Growth would be accelerated through regional and customer diversification particularly in China," the company said.

The deal is expected to close in early 2020.

Write to Cristina Roca at cristina.roca@dowjones.com; @_cristinaroca

Stocks mentioned in the article
ChangeLast1st jan.
CONTINENTAL AG 1.27% 124.86 Delayed Quote.3.40%
FAURECIA 1.44% 47.98 Real-time Quote.45.09%
PEUGEOT 0.68% 23.79 Real-time Quote.27.59%
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Financials (EUR)
Sales 2019 17 934 M
EBIT 2019 1 269 M
Net income 2019 643 M
Debt 2019 2 215 M
Yield 2019 2,70%
P/E ratio 2019 10,3x
P/E ratio 2020 9,04x
EV / Sales2019 0,49x
EV / Sales2020 0,46x
Capitalization 6 540 M
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Technical analysis trends FAURECIA
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 50,10  €
Last Close Price 47,98  €
Spread / Highest target 73,0%
Spread / Average Target 4,42%
Spread / Lowest Target -29,1%
EPS Revisions
Managers
NameTitle
Patrick Koller Chief Executive Officer & Director
Michel de Rosen Chairman
Michel Favre Group Chief Financial Officer & Executive VP
Christophe Bouly Chief Technical Officer
Robert Peugeot Non-Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
FAURECIA45.09%7 225
DENSO CORPORATION4.80%35 463
CONTINENTAL AG3.40%27 588
APTIV49.93%23 566
HYUNDAI MOBIS CO., LTD.--.--%20 505
MAGNA INTERNATIONAL INC.18.61%17 034