Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. France
  4. Euronext Paris
  5. Faurecia SE
  6. News
  7. Summary
    EO   FR0000121147

FAURECIA SE

(EO)
  Report
Real-time Quote. Real-time Euronext Paris - 09/17 03:30:11 am
37.84 EUR   +0.05%
02:46aFAURECIA : Gets a Buy rating from JP Morgan
MD
09/16FAURECIA IN CONVERSATION : hydrogen mobility
PU
09/16FAURECIA : Emissions Control Technologies Canada TRA Annual Report - 2020
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Car parts company Faurecia upgrades 2021 cash flow target as H1 profits rise

07/26/2021 | 01:31am EDT

PARIS, July 26 (Reuters) - French car parts company Faurecia raised its 2021 net cash flow target on Monday as it posted higher first-half sales and profits, led by growth in all its main areas.

Faurecia's interim sales rose 27.9% from a year ago to 7.78 billion euros ($9.2 billion), while first-half operating income rose to 510 million euros, up from a loss of 100 million euros last year.

Faurecia said it was upgrading its 2021 net cash flow target, and was now forecasting a net cash flow of more than 500 million euros - up from a previous target of around 500 million.

It also confirmed its 2021 full-year sales target, namely of reaching sales of at least 16.5 billion euros and for an operating margin of around 7% of sales.

Faurecia's upbeat outlook echoed that of its French rival Valeo, which last week also confirmed its 2021 targets as it posted higher first-half sales and profits.

Similarly to Valeo, Faurecia also expected global automotive production to rebound in coming quarters, despite issues over the supplies of semiconductor chips, which are vital for technologically advanced cars.

"We are convinced that automotive production has hit a low in Q2 and should gradually rebound in the coming quarters, despite a shortage of semiconductors likely to last until the end of H1 2022," said Faurecia chief executive Patrick Koller.

"In this context, we will pay strict attention to cost flexibilization and cash generation, thus allowing deleveraging and profitable growth," he added.

($1 = 0.8492 euros) (Reporting by Blandine Henault and Kate Entringer; Editing by Sudip Kar-Gupta)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
FAURECIA SE 0.05% 37.84 Real-time Quote.-9.76%
STELLANTIS N.V. 0.79% 17.544 Delayed Quote.18.76%
VALEO -0.75% 21.3 Real-time Quote.-33.52%
All news about FAURECIA SE
02:46aFAURECIA : Gets a Buy rating from JP Morgan
MD
09/16FAURECIA IN CONVERSATION : hydrogen mobility
PU
09/16FAURECIA : Emissions Control Technologies Canada TRA Annual Report - 2020
PU
09/14FAURECIA : selects Engie to become a long-term partner on its CO2 Neutrality roa..
PU
09/14Engie to Provide Energy Solutions to Faurecia
DJ
09/13SOLIDARITY IN UNCERTAIN TIMES : now in its 2nd year, the Faurecia Foundation for..
PU
09/07Renault says it could team up with Plastic Omnium on hydrogen tanks
RE
09/06FAURECIA : Welcome to Faurecia at IAA Mobility 2021
PU
09/02FAURECIA : will develop ultra-low CO2 seat structures in partnership with SSAB a..
PU
09/02FAURECIA : SSAB, Faurecia To Jointly Develop Fossil-Free Steel For Automotive Se..
MT
More news
Analyst Recommendations on FAURECIA SE
More recommendations
Financials
Sales 2021 16 429 M 19 342 M 19 342 M
Net income 2021 501 M 589 M 589 M
Net Debt 2021 2 854 M 3 360 M 3 360 M
P/E ratio 2021 10,8x
Yield 2021 3,02%
Capitalization 5 096 M 5 996 M 6 000 M
EV / Sales 2021 0,48x
EV / Sales 2022 0,40x
Nbr of Employees 104 739
Free-Float 90,8%
Chart FAURECIA SE
Duration : Period :
Faurecia SE Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FAURECIA SE
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 18
Last Close Price 37,82 €
Average target price 56,09 €
Spread / Average Target 48,3%
EPS Revisions
Managers and Directors
Patrick Koller Chief Executive Officer & Director
Michel Favre Group Chief Financial Officer & Executive VP
Michel de Rosen Chairman
Christophe Schmitt Executive Vice-President-Group Operations
Odile Desforges Independent Director
Sector and Competitors
1st jan.Capi. (M$)
FAURECIA SE-9.76%5 996
DENSO CORPORATION27.94%55 215
APTIV PLC18.41%40 354
WEICHAI POWER CO., LTD.12.21%23 163
MAGNA INTERNATIONAL INC.12.63%22 922
CONTINENTAL AG-21.74%22 328