Demand in Asia and Europe boosts Faurecia Q1 revenue growth by 3.4%
The Faurecia Group recently announced that as the European auto market has bottomed out and the strong growth in the Asian market (especially in China), the Group’s global operating income rose by 3.4% year-on-year to reach 4.518 billion in the first quarter of 2014 EUR.
Faurecia's sales in the European market began to increase in the last quarter, up 9.7% year-on-year to 2.05 billion euros, accounting for nearly 60% of total sales; sales in the North American market experienced a decline, down 8.1% year-on-year. 8.3 billion euros.
Thanks to the increase in business in China, Faurecia's sales in the Asian market in the first quarter increased by 21.9% year-on-year to 440 million euros, of which sales in China accounted for 80%, an increase of 23.1% year-on-year; The company’s sales in South America also maintained growth, up 11.5% year-on-year to 140 million euros.
Faurecia’s four business units reported increased sales in the previous quarter, with the largest share of car seat sales reaching 1.21 billion euros; interior systems sales also approaching 1 billion euros; emissions control technology and automotive Jewelry sales were 850 million euros and 440 million euros, respectively.
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