Faurecia reports FY 2021 net sales at USD17.64 billion, up 8.1% y/y
Company reports 13.5% y/y increase in sales from 11.6%
Faurecia reports fiscal year (FY) net sales at EUR15.61 billion (USD17.68 billion) against EUR14.45 billion with a year-on-year (y/y) increase of 8.1% for the full year that ended 31 December 2021, according to a filing by the company on 21 January. Operating income for 2021 was EUR862 million, an increase from EUR418 million in the previous year. Net income was reported at EUR113 million. Research and development (R&D) expenses were up to EUR660 million from EUR594 million in 2021.