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Faurecia SA (EPED.PA)

EPED.PA on Paris Stock Exchange

44.33EUR
11:35am EDT
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€0.79 (+1.80%)
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€43.55
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€44.44
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€43.53
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530,744
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€44.44
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Latest Key Developments (Source: Significant Developments)

Faurecia partners with startup Tactotek
Tuesday, 21 Feb 2017 04:13am EST 

Faurecia SA :Partners with startup Tactotek.  Full Article

Faurecia to maintain production capacity in Mexico
Thursday, 9 Feb 2017 05:40am EST 

Faurecia : To maintain production capacity in Mexico . Sees relatively limted exposure from any U.S tax changes (Reporting by Sudip Kar-Gupta) ((sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84; Reuters Messaging: sudip.kargupta.thomsonreuters.com@reuters.net)).  Full Article

Faurecia - likely to seek interiors business acquisitions
Thursday, 9 Feb 2017 01:58am EST 

Faurecia : Company likely to seek acquisitions to expand interiors business - CFO .Company sees 2017 China sales increase of 15 pct, Chinese auto market growing 3-5 pct - CFO.  Full Article

Faurecia FY net income up at 638 million euros, confirms its 2018 objectives
Thursday, 9 Feb 2017 01:16am EST 

Faurecia : FY total sales 18.71 billion euros ($19.98 billion) versus 18.77 billion euros year ago . FY operating income 970 million euros versus 830 million euros year ago . FY net income group share 638 million euros versus 372 million euros year ago . FY net financial debt 342 million euros versus 946 million euros year ago . Proposed dividend of 0.9 euros; up 38 percent versus 0.65 eurosin 2016 . Group confirms its 2018 objectives of net cash flow above 500 million euros, EPS of 5.0 euros, operating margin of 7 percent on value-added sales and 6 percent value-added sales growth 2016-2018(400 bp above automotive production growth) . For FY 2017 group expects EPS around 4.0 euros . For FY 2017 group expects net cash flow of minimum 350 million euros . For FY 2017 group expects an operating margin (on value-added sales) between 6.4 percent and 6.8 percent .For FY 2017 group expects value-added sales growth at constant currencies: +6 percent or +400 bp above LV production growth.  Full Article

Faurecia acquired Amminex
Wednesday, 14 Dec 2016 12:23pm EST 

Faurecia : Reported on Tuesday that it acquired Amminex to accelerate efficient nitrogen oxide reduction for passenger and commercial vehicles .increased its participation in the Danish company Amminex to 91.5 pct through a share purchase.  Full Article

Faurecia acquires Danish company Amminex
Tuesday, 13 Dec 2016 12:13pm EST 

Faurecia : Acquires Amminex to accelerate efficient nitrogen oxide reduction for passenger and commercial vehicles .Faurecia today announced that it has increased its participation in the Danish company Amminex to 91.5 pct through a share purchase.  Full Article

Parrot has entered into discussions of partnership between its subsidiary, Parrot Automotive, and Faurecia
Tuesday, 6 Dec 2016 12:15pm EST 

Parrot Sa : Has entered into exclusive discussions in relation to a project of partnership between its subsidiary, Parrot Automotive, and Faurecia . This partnership would provide the best conditions to develop connected vehicles of the highest quality and benefit from Faurecia's industrial power and complementary expertise . Faurecia would subscribe to a share capital increase in Parrot Automotive, which would grant Faurecia a 20 pct shareholding, based on an enterprise value of Parrot Automotive of 100 million euros ($107.13 million) .In addition, at the initiative of either by 2022, Faurecia could hold the entire share capital of Parrot Automotive.  Full Article

Faurecia forms two new joint-ventures in Iran
Friday, 2 Dec 2016 06:13am EST 

Faurecia : Faurecia strengthens its industrial presence in Iran, forms two new joint-ventures . FCAES, the 50/50 Faurecia – MAAD joint-venture will develop and produce emissions control systems for the Iranian automotive market . For FCAES total sales are expected to reach 50 million euros in 2020 . AFISCO, the 50/50 Faurecia – Azin Khodro joint-venture for vehicle interior systems, expects its total sales to reach 50 million euros in 2020 . FAPSCO, the existing Faurecia joint-venture for automotive seating, expects to grow its business to 340,000 car sets per year and total sales of 150 million euros in 2020 Further company coverage: [EPED.PA] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;)).  Full Article

Faurecia and Borgward form strategic joint venture
Wednesday, 30 Nov 2016 11:06am EST 

Faurecia SA :And Borgward form strategic joint venture in China.  Full Article

Faurecia Q3 sales down at ‍​4.24 billion euros
Thursday, 13 Oct 2016 11:35am EDT 

Faurecia : Q3 sales ‍​4.24 billion euros versus 4.32 billion euros ($4.84 billion) year ago .Fully confirms its FY 2016 guidance.  Full Article

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