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Faurecia information H1 working lack of EUR114m | Automotive Business Information – Auto Information by Automobilnews.eu

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Faurecia information H1 working lack of EUR114m | Automotive Business Information


Faurecia has posted a half-year working revenue lack of EUR114m (US$134m), together with EUR20m of COVID-19-related one-offs, whereas gross sales fell from EUR8.97bn to EUR6.17bn.

“Within the present unprecedented disaster because of COVID-19, Faurecia is demonstrating agility and resilience,” mentioned Faurecia CEO, Patrick Koller.

“For the reason that very starting, we’ve got targeted on three priorities. The well being of our workers and the creation of the precise circumstances for the protected restart of manufacturing have been our prime precedence. Secondly, we carefully managed the Group’s liquidity and applied all the mandatory measures to take care of a sound monetary construction. Thirdly, we took fast actions to enhance our resilience, on prime of what has been achieved since mid-2018.

“On the identical time, we strengthened {our relationships} with clients, as proven by our sturdy order consumption and quite a few buyer recognition awards and we continued the deployment of our technique. I wish to thank the entire Faurecian neighborhood for its dedication throughout this extraordinarily tough interval.

“The accelerated deployment of our key resilience initiatives and extra structural actions will permit us to additional enhance resilience and return to strong revenue and money technology within the second half of the 12 months.

“Within the medium time period, our concentrate on key priorities within the new post-COVID market setting, offers us confidence in our capacity to realize our profitability and money technology ambition for 2022.”

Present the press launch

https://www.faurecia.com/en/newsroom/half-year-2020-results-agility-and-resilience

Unique supply: https://www.faurecia.com/en/newsroom/half-year-2020-results-agility-and-resilience



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Faurecia information H1 working lack of EUR114m | Automotive Business Information – Auto Information by Automobilnews.eu
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