Faurecia targets sales of USD22.9 billion in 2022
Company also forecasts operating margin of 8% and new clash flow of 4% of sales
Faurecia has announced its new financial targets for 2022 during a ‘Capital Market Day’ event held in Paris, France, on 26 November, the company said in a press release. The French supplier expects its sales to growth above 5% between 2019 and 2022 and reach EUR20.5 billion (USD22.9 billion) in 2022, on robust order intakes of EUR68 billion between 2017 and 2019. Faurecia also forecast operating margin of 8% and net cash flow of 4% of sales by 2022. In 2018, the company generated sales of EUR17.5 billion and operating margin of 7.4%.