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Faurecia : 2019 Half year report
July 23, 2019 at 02:55 am
Contents
1.
Business review
5
1.1.
Main events
6
1.2.
Automotive production
7
1.3.
Sales
8
1.4.
Operating Income
11
1.5.
Net income
12
1.6. Financial structure and net debt
13
1.7.
Outlook
15
2.
Consolidated financial statements
17
2.1. Consolidated statement of comprehensive income
18
2.2.
Consolidated balance sheet
20
2.3. Consolidated cash fl ow statement
22
2.4. Consolidated statement of changes in equity
23
2.5. Notes to the consolidated fi nancial statements
24
3.
Statement by the person responsible
for the 2019 half year financial report
53
4.
Statutory Auditors' review report
on the interim financial information
55
/ 2019 half-year results
1
2
/ 2019 half-year results
Key figures
8,991.3
8,972.0
- 2.8%(1)
342.0
345.6
647.2
644.8
7.2%
7.2%
3.8%
3.9%
H1 2018
H1 2019
H1 2018
H1 2019*
H1 2018
H1 2019*
Sales
Operating Income(2)
Net income/(loss) attributable
(in €m)
(in €m and as a % of Sales)
to equity holders
(in €m and as a % of Sales)
1,170.8
278.3
285.8
1,060.8
247.0
256.5
11.8%
13.1%
3.1%
3.2%
2.7%
2.9%
H1 2018
H1 2019*
H1 2018
H1 2019
H1 2018
H1 2019*
EBITDA(3)
Capital expenditure
Net Cash Flow
(in €m and as a % of Sales)
(in €m and as a % of Sales)
(in €m and as a % of Sales)
2,464.6
115,686
116,067
4,121.7
3,734.8
465.2
H1 2018
H1 2019
H1 2018
H1 2019*
H1 2018
H1 2019*
Number of employees
Total equity
Net debt(4)
(in €m)
(in €m)
After application of IFRS 16 in 2019, no pro-forma restatement in 2018.
At constant currencies, including Bolt-Ons and excluding Clarion acquisition effect.
Before amortization of acquired intangible assets (Note 1A to the consolidated financial statements).
Operating income before depreciations and amortizations of assets (§ 2.3 to the consolidated financial statements).
Note 18.1 to the consolidated financial statements.
/ 2019 half-year results
3
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Disclaimer
Faurecia SA published this content on 23 July 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 July 2019 06:54:02 UTC
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05-02
MT
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05-01
CI
Forvia Prices EUR200 Million Senior Notes Due 2031
04-25
MT
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04-24
CI
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04-24
MT
FORVIA to Offer an Additional ?200 Million of 5.500% Senior Notes Due 2031 Aiming to Partially Refinance Its 7.250% 2026 Bonds
04-24
CI
FORVIA : Solid Q1 results with strong organic growth offset by unfavorable exchange rates
04-19
CAC40: back above 8,000Pts with support from Wall Street
04-18
CF
CAC40: the 8,000 mark is crossed again with WStreet support
04-18
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04-18
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04-18
RE
CAC40: up slightly before numerous US indicators
04-18
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Forvia: organic growth of over 3% in Q1
04-18
CF
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04-18
RE
Forvia Affirms Guidance for FY24, FY25
04-18
MT
Forvia SE Expects Revenue Guidance for the Year 2024
04-18
CI
Transcript : Forvia SE, Q1 2024 Sales/ Trading Statement Call, Apr 18, 2024
04-18
Auto supplier Forvia's organic sales rise on strong North America
04-18
RE
Forvia SE Announces Sales Results for the First Quarter of 2024
04-18
CI
Forvia SE Proposes Dividend, Payable on June 6, 2024
04-18
CI
Forvia : BlackRock falls below 5% of share capital
04-17
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Forvia : BlackRock exceeds 5% of share capital
04-16
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04-16
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04-15
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Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
Period Day Week
More charts
FORVIA SE is one of the world leaders in designing, manufacturing, and marketing automotive equipment. Net sales break down by product family as follows:
- seats (31.4%; No. 1 worldwide);
- interior car parts (18.1%; 1 worldwide): dashboards and instrument panels (No. 1 worldwide), doors and door panels, and acoustic modules;
- exhaust systems (17.7%; No. 1 worldwide);
- audiovisual and multimedia equipment (15.2%): car radios, multimedia devices, navigation systems, automatic guiding systems, location systems, safety assistance systems with CDD captor cameras, wireless communication, monitors, etc.;
- lighting equipment (13.7%);
- other (3.9%).
At the end of 2023, the group had more than 290 production sites worldwide.
Net sales are distributed geographically as follows: France (6.2%), Germany (10.9%), Europe/Middle East/Africa (29.3%), Asia (27.1%) and America (26.5%).
More about the company
Last Close Price
15.24
EUR
Average target price
21.82
EUR
Spread / Average Target
+43.16%
Consensus
1st Jan change
Capi.
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