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4-Traders Homepage  >  Equities  >  Euronext Paris  >  Faurecia    EO   FR0000121147

FAURECIA (EO)

Delayed Quote. Delayed  - 07/29 05:35:08 pm
35.29 EUR   +1.39%
07/26 2016 HALF YEAR : Faurecia shows strong profitability improvement in..
07/26 FAURECIA : Strong profitability improvement in the first half 2016
07/21FAURECIA SA : half-yearly earnings release
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Faurecia To Buy Ford, ACH Interior Components Business

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05/03/2012 | 01:53pm CEST

French auto parts maker Faurecia SA (>> FAURECIA) said Thursday it will buy an interior components business based in Michigan and operated by Ford Motor Co. (F) and Automotive Components Holdings LLC for an undisclosed amount.

Faurecia, which is 57.4% owned by car maker Peugeot Citroen SA (>> PEUGEOT), said the components business generated annual sales worth $1.1 billion. With the new acquisition, Ford becomes Faurecia's third-largest customer.

Faurecia said the deal won't have a significant impact on its debt and cash position.

Faurecia also said it will set up a joint venture with Rush Group Ltd. which will be called Detroit Manufacturing Systems, which will manufacture car interior components in a new factory in Detroit. Rush Group will control the new venture and will operate it, while Faurecia will hold a 45% stake.

-By Inti Landauro, Dow Jones Newswires; +33 1 4017 1740; inti.landauro@dowjones.com

Stocks mentioned in the article : FAURECIA, PEUGEOT
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Latest news on FAURECIA
07/26 2016 HALF YEAR RESULTS : Faurecia shows strong profitability improvement in firs..
07/26 FAURECIA : Strong profitability improvement in the first half 2016
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Financials (€)
Sales 2016 19 117 M
EBIT 2016 924 M
Net income 2016 587 M
Debt 2016 301 M
Yield 2016 2,31%
P/E ratio 2016 8,76
P/E ratio 2017 9,66
EV / Sales 2016 0,27x
EV / Sales 2017 0,25x
Capitalization 4 866 M
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Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 38,3 €
Spread / Average Target 8,5%
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Managers
NameTitle
Patrick Koller Chief Executive & Operating Officer
Yann Delabrière Chairman
Michel Favre Group Chief Financial Officer & EVP
Thierry Peugeot Non-Independent Director
Robert Peugeot Non-Independent Director
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