Stock Groups

French auto supplier Faurecia sees higher sales in 2022 -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO: An illustration exhibits a automobile dashboard with an enormous display screen on the facet of the Faurecia sales space throughout the 2019 CES in Las Vegas, Nevada, U.S. January 8, 2019. REUTERS/Steve Marcus

(Reuters) – French automobile components group Faurecia on Monday forecast an increase in full-year gross sales, because it expects semiconductor shortages to ease from the second half of the 12 months.

The group, which provides automobile seats, dashboards and gasoline programs to automakers, now sees 2022 gross sales of 17.5-18 billion euros ($19.89-20.45 billion), up from 15.6 billion euros recorded final 12 months.

Faurecia additionally stated it expects its working margin to be between 6% and seven% in 2022 in comparison with final 12 months’s 5.5%.

($1 = 0.8800 euros)

Disclaimer: Fusion Media wish to remind you that the information contained on this web site will not be essentially real-time nor correct. All CFDs (shares, indexes, futures) and Foreign exchange costs are usually not supplied by exchanges however reasonably by market makers, and so costs will not be correct and should differ from the precise market worth, which means costs are indicative and never applicable for buying and selling functions. Due to this fact Fusion Media doesn`t bear any duty for any buying and selling losses you may incur because of utilizing this knowledge.

Fusion Media or anybody concerned with Fusion Media is not going to settle for any legal responsibility for loss or injury because of reliance on the data together with knowledge, quotes, charts and purchase/promote alerts contained inside this web site. Please be totally knowledgeable relating to the dangers and prices related to buying and selling the monetary markets, it is among the riskiest funding types potential.

[ad_2]