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Auto, Truck & Motorcycle Parts

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Faurecia H1 net income group share up at 314.4 million euros

Friday, 21 Jul 2017 12:59am EDT

July 21 (Reuters) - FAURECIA ::SOLID ORGANIC* GROWTH IN VALUE-ADDED SALES OF 8.5%, 550BPS ABOVE WORLDWIDE AUTOMOTIVE PRODUCTION GROWTH (+3.0%, SOURCE: IHS AUTOMOTIVE JUNE 2017), TO EUR 8.6 BILLION.* STRONG GROWTH OF 20% IN OPERATING INCOME, TO EUR 587 MILLION.SIGNIFICANT IMPROVEMENT IN OPERATING MARGIN OF 60BPS, TO 6.8% OF VALUE-ADDED SALES.* FY 2017 EARNINGS PER SHARE ABOVE EUR 4.00 (PREVIOUS GUIDANCE DATED FEB. 9, 2017 WAS "AROUND EUR 4.00").* FY 2017 NET CASH FLOW ABOVE EUR 350M (UNCHANGED VERSUS. GUIDANCE DATED FEB. 9, 2017).FY 2017 VALUE-ADDED SALES GROWTH OF +7% (AT CONSTANT CURRENCIES), AROUND 500BPS ABOVE WORLDWIDE AUTOMOTIVE PRODUCTION GROWTH (PREVIOUS GUIDANCE DATED FEB. 9, 2017 WAS "+6% (AT CONSTANT CURRENCIES) OR 400BPS ABOVE WORLDWIDE AUTOMOTIVE PRODUCTION GROWTH").* FY 2017 OPERATING MARGIN BETWEEN 6.6% AND 7.0% OF VALUE-ADDED SALES (PREVIOUS GUIDANCE DATED FEB. 9, 2017 WAS "BETWEEN 6.4% AND 6.8% OF VALUE-ADDED SALES").FULLY ON TRACK TO ACHIEVE 2018 AMBITIONS.H1 NET INCOME GROUP SHARE EUR 314.4 MILLION VERSUS EUR 245.0 MILLION YEAR AGO.FY 2017 EARNINGS PER SHARE ABOVE EUR 4.00 (PREVIOUS GUIDANCE DATED FEB. 9, 2017 WAS "AROUND EUR 4.00") * FULLY ON TRACK TO ACHIEVE 2018.

Genuine Parts Company reports Q2 earnings per share $1.29

Thursday, 20 Jul 2017 08:57am EDT

July 20 (Reuters) - Genuine Parts Co ::Genuine Parts Company reports sales and earnings for the second quarter ended June 30, 2017.Q2 earnings per share $1.29.Q2 earnings per share view $1.31 -- Thomson Reuters I/B/E/S.Sees FY 2017 earnings per share $4.70 to $4.75.Sees FY 2017 sales up 3 to 4 percent.Q2 sales $4.1 billion versus I/B/E/S view $4.04 billion.Genuine Parts Co says updates 2017 outlook.FY2017 earnings per share view $4.79, revenue view $15.90 billion -- Thomson Reuters I/B/E/S.

Schaeffler confirms 2020 financial targets

Thursday, 20 Jul 2017 08:24am EDT

July 20 (Reuters) - SCHAEFFLER AG :FINANCIAL AMBITIONS 2020 CONFIRMED; AVERAGE SALES GROWTH OF 4-6 PERCENT P.A. AND EBIT MARGIN OF 12-13 PERCENT BEFORE SPECIAL ITEMS IN 2020 TARGETED.CHINA REMAINS KEY GROWTH DRIVER; DOUBLING OF SALES PLANNED OVER THE NEXT FIVE YEARS‍​.

India's Mahindra CIE Automotive June-qtr profit up 57 pct

Thursday, 20 Jul 2017 07:02am EDT

July 20 (Reuters) - Mahindra CIE Automotive Ltd :June quarter profit 176.5 million rupees versus 112.6 million rupees year ago.June quarter total revenue 5.08 billion rupees versus 4.54 billion rupees year ago.

Zhejiang Tiancheng Controls sees H1 FY 2017 net profit up 60 pct to 80 pct

Thursday, 20 Jul 2017 05:42am EDT

July 20(Reuters) - Zhejiang Tiancheng Controls Co Ltd <603085.SS>:Sees H1 FY 2017 net profit to increase by 60 percent to 80 percent.Says H1 FY 2016 net profit was 16.5 million yuan.Says increased income from business and investment are the main reasons for the forecast .

Changzhou Tenglong Auto Parts acquires stake in Richleo Environmental Technology

Thursday, 20 Jul 2017 03:43am EDT

July 20(Reuters) - Changzhou Tenglong Auto Parts Co Ltd <603158.SS> ::* Says it completed acquisition of 54 percent stake in Zhejiang Richleo Environmental Technology for 125.4 million yuan .

India's Menon Bearings June quarter net profit falls

Thursday, 20 Jul 2017 03:12am EDT

July 20 (Reuters) - Menon Bearings Ltd ::June quarter net profit 45.5 million rupees versus 47.3 million rupees year ago.June quarter net sales 315.5 million rupees versus 310.4 million rupees year ago.Declared interim dividend of 0.75 rupees per share.

Shareholder Xie Yunchen to unload 4.14 pct stake in Shanghai Beite Technology

Thursday, 20 Jul 2017 02:27am EDT

July 20 (Reuters) - Shanghai Beite Technology Co Ltd <603009.SS> ::* Says shareholder Xie Yunchen plans to unload 13,584,125 shares of the company, equivalent to a 4.14 percent stake .

Thule Q2 underlying EBIT up at SEK ‍474​ million

Thursday, 20 Jul 2017 01:45am EDT

July 20 (Reuters) - THULE ::Q2 UNDERLYING EBIT SEK ‍474​ MILLION VERSUS SEK 414 MILLION YEAR AGO.Q2 NET SALES SEK 1.96 BILLION VERSUS SEK 1.73 BILLION YEAR AGO.Q2 NET INCOME SEK 348 MILLION VERSUS SEK 304 MILLION YEAR AGO.

Hella says 2016/2017 sales rose 3.7 pct to 6.6 bln eur

Thursday, 20 Jul 2017 01:04am EDT

July 20 (Reuters) - Hella :Says consolidated sales rose by 3.7 percent to approximately EUR 6.6 billion.Hella says adjusted earnings before interest and taxes improves to around EUR 534 million.Says adjusted EBIT margin is 8.1 percent in fiscal year 2016/2017.Hella says taking into account special items, earnings before interest and taxes (EBIT) rose by 20.8 percent to approximately EUR 507 million (previous year: EUR420 million)..Says full 2016/2017 fiscal year results to be announced on 10 August 2017.

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