* Keeps full-year outlook
* Shares up 1.1 pct, outperform sector
(Updates with CFO comment on sales breakdown, guidance)
PARIS, April 23 French auto parts maker Faurecia
said first-quarter sales rose 1.7 percent as
acquisitions helped offset the impact of the European auto
Revenue rose to 4.37 billion euros ($5.69 billion) in the
first three months of 2013 from 4.3 billion a year earlier, the
company said in an emailed statement on Tuesday.
Faurecia, 57 percent-owned by PSA Peugeot Citroen,
said global revenue increased despite an 8.6 percent drop in
European product sales, "mainly impacted by the European
The company, based in the Paris suburb of Nanterre, is
pushing an expansion in North America, Asia and emerging markets
such as Russia to compensate for the European slump.
The shift may bring the share of sales outside Europe closer
to 50 percent for 2013 than the 45 percent recorded in the
quarter, Chief Financial Officer Frank Imbert said.
Faurecia still expects to increase operating income this
year and deliver a sales increase between 0.8 percent and 3.1
percent before currency effects, Imbert also told reporters and
analysts on a call. "We reiterate our 2013 guidance."
Plant acquisitions - including Ford's Saline, Michigan
interior parts factory purchased by Faurecia last year - added
more than 150 million euros to the quarterly sales total.
The finance chief also said there was "no change" in the
stance of its main shareholder Peugeot.
The struggling French carmaker has sought to end speculation
that it may be forced to sell part or all of its Faurecia stake,
saying in February that the holding was "not for sale".
Faurecia shares were up 1.1 percent at 0824 GMT,
outperforming the European sector, which was down 0.3
($1 = 0.7674 euros)
(Reporting by Laurence Frost; Editing by Christian Plumb)