Faurecia’s earnings hike 28% during first half of 2017
France-based global auto supplier Faurecia performed during the first half of 2017 a solid growth in value-added sales of 8.5% to €8.6 billion, around US$ 10.10 billion according to current exchange rates.
The company saw a two-digit increase of 20% in operating income, to €587 million or some US$ 689.14 million, while its net income hiked 28% to €314 million, around US$ 368.64 million.
“Our strong performance in the first half of the year, as regards both sales growth and profitability, reflects our strong operational performance in all regions and Business Groups. We have accelerated in our strategic priorities, Sustainable Mobility, Smart Life on Board and Asia, through the establishment of important partnerships and commercial success,” said Patrick Koller, CEO of Faurecia.
Faurecia is on track to open in Guanajuato its 16th plant in Mexico by the end of year. Two Research & Development centers located in Puebla and Mexico City respectively are also part of the company’s footprint in the country.