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    EO   FR0000121147

FAURECIA SE

(EO)
  Report
Real-time Quote. Real-time Euronext Paris - 10/27 11:35:12 am
43.5 EUR   +1.23%
10/26MARKETMIND : Trillion-dollar Tesla
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10/26FAURECIA : Flags $18 Billion of Sales in 2021
MT
10/26Chip shortage drags down sales at car parts maker Faurecia
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Chip Shortage Could Cost Auto Industry $210 Billion in Revenue This Year

09/23/2021 | 04:29am EDT

By Kim Richters

The chip shortage could lead to $210 billion in lost revenue for the global automotive industry this year, consulting firm AlixPartners LLP said on Thursday, as companies struggle with worsening supply-chain disruptions.

AlixPartners expects the auto industry to produce 7.7 million fewer vehicles in 2021 due to the shortages related to semiconductors. In May, the firm forecast 3.9 million fewer produced vehicles.

"Of course, everyone had hoped that the chip crisis would have abated more by now, but unfortunate events such as the Covid-19 lockdowns in Malaysia and continued problems elsewhere have exacerbated things," Mark Wakefield, who co-leads the automotive and industrial practice at AlixPartners, said.

The semiconductor shortage was "one of a multitude of extraordinary disruptions the industry is facing, including everything from resin and steel shortages to labor shortages," he said.

The firm's estimates come amid warnings from the automotive industry on the effects of the supply-chain disruptions, with supplier Faurecia SE on Thursday lowering financial targets for 2021 and truck maker Traton SE earlier this week saying it expected a hit to vehicle sales in the third quarter.

Write to Kim Richters at kim.richters@wsj.com

(END) Dow Jones Newswires

09-23-21 0629ET

Stocks mentioned in the article
ChangeLast1st jan.
BMW AG 0.15% 88.55 Delayed Quote.22.41%
DAIMLER AG 0.58% 83.58 Delayed Quote.43.80%
FAURECIA SE 1.23% 43.5 Real-time Quote.2.53%
RENAULT -0.49% 31.355 Real-time Quote.-11.88%
TRATON SE -0.71% 22.3 Delayed Quote.-0.64%
VOLKSWAGEN AG -1.07% 203.9 Delayed Quote.35.22%
All news about FAURECIA SE
10/26MARKETMIND : Trillion-dollar Tesla
RE
10/26FAURECIA : Flags $18 Billion of Sales in 2021
MT
10/26Chip shortage drags down sales at car parts maker Faurecia
RE
10/26FAURECIA : Third-quarter 2021 sales
PU
10/26FAURECIA : Solid organic sales outperformance of 780bps in a market that continued to be s..
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10/26Faurecia S.E. Announces Group Sales Results for the Third Quarter and Nine Months of 20..
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10/26Faurecia S.E. Provides Financial Guidance for the Fiscal Year 2021
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10/26EMEA MORNING BRIEFING : Stocks to Extend Gains After Fresh Highs on Wall Street
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10/22FAURECIA EMIRROR : a new view on active safety
PU
10/21Sharing data is key to reducing supply-chain disruptions, Renault exec says
RE
More news
Analyst Recommendations on FAURECIA SE
More recommendations
Financials
Sales 2021 15 445 M 17 921 M 17 921 M
Net income 2021 356 M 413 M 413 M
Net Debt 2021 2 918 M 3 385 M 3 385 M
P/E ratio 2021 15,7x
Yield 2021 2,20%
Capitalization 5 862 M 6 793 M 6 801 M
EV / Sales 2021 0,57x
EV / Sales 2022 0,46x
Nbr of Employees 104 739
Free-Float 85,4%
Chart FAURECIA SE
Duration : Period :
Faurecia SE Technical Analysis Chart | MarketScreener
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Technical analysis trends FAURECIA SE
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 18
Last Close Price 43,50 €
Average target price 53,64 €
Spread / Average Target 23,3%
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
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