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Faurecia targets steady rise in sales from 2020

Auto News - Published on Fri, 18 May 2018

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Reuters reported that French car parts group Faurecia outlined plans to increase its sales via growth in areas such as autonomous driving, and new high-tech vehicles. Faurecia, 46-% owned by Peugeot-maker PSA, said it was targeting sales growth of more than 7 % per year to reach EUR 20 billion by 2020, compared with the company's 2017 turnover of EUR 16.96 billion.

The company's 2020 financial targets also include an operating margin of 8 percent of sales, and net cash flow of 4 % of sales. Faurecia aims to achieve a 30 billion euro overall sales figure by 2025.

Mr Patrick Koller, Chief Executive said in a statement "Faurecia's strategy is perfectly aligned with the four automotive megatrends: connectivity, autonomous driving, ride-sharing and electrification."

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Posted By : Amom Remju on Fri, 18 May 2018
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