PARIS (Reuters) - French auto parts maker Faurecia (EPED.PA) said on Thursday quarterly sales rose 7.3 percent as the maker of car seats, exhausts and interiors harnessed strong Asian demand and weathered a North American production slowdown.
Sales excluding passed-on catalytic converter monolith costs rose to 3.79 billion euros ($4.49 billion) in the third quarter, Faurecia said. Excluding the effects of acquisitions and exchange-rate fluctuations, revenue was up 10.7 percent.
Asian sales rose 19.3 percent on a reported basis to 701 million euros, helped in part by the consolidation of a Chinese joint venture with partner Changan. In North America, where Faurecia does about a quarter of its business, revenue fell 6.1 percent as auto production dropped 8.1 percent.
Faurecia reiterated full-year 2017 goals including cash flow above 350 million euros, 7 percent sales growth and an operating margin between 6.6 percent and 7 percent.
Reporting by Laurence Frost; editing by Michel Rose