Faurecia targets sales of USD22.9 billion in 2022

Corporate developments

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%.

Thank you for visiting IHS Markit AutoTechInsight.

*A subscription to News & Analysis includes four IHS Markit-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Services. Please click here to subscribe.

For a free daily listing of headlines with limited access please sign up here.

To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.

Already a subscriber? Please log in here

preload preload preload preload preload