With 330 sites including 30 R&D centers in 34 countries around the world (in 2015), Faurecia is now a global leader in its four areas of business: automotive seating, interior systems and emissions control technologies. Faurecia is the world’s number one supplier of seat frames and mechanisms, emissions control technologies and vehicle interiors. The Group is also the world’s third-largest supplier of complete seat systems.
Faurecia has strengthened its position in each of these areas through a series of acquisitions. In 2010, it became world leader in emissions control technologies by acquiring exhaust specialist Emcon Technologies. In Europe, it expanded its range of automotive exterior and bodywork solutions by absorbing Plastal’s business interests in Spain and Germany in 2010, followed by the company’s operations in France in 2012.
Acquisition des activités intérieures de Saline (Ford)
The same year, in the United States, it acquired the Ford plant in Saline, Michigan, bolstering the position of Faurecia Interior Systems as market leader in North America and making Ford the Group’s number two customer.
N.B.: The Group sold most of its Automotive Exteriors business to Plastic Omnium in July 2016 to focus on its three other areas of business. Faurecia will continue to invest in new technologies that strengthen its capabilities in innovation.
Faurecia Office Locations
Faurecia Data and Metrics
Faurecia Financial Metrics
Revenue (FY, 2015) | 20.7 b |
Revenue growth (FY, 2014 - FY, 2015), % | 10% |
Gross profit (FY, 2015) | 3.7 b |
Gross profit margin (FY, 2015), % | 18% |
Net income (FY, 2015) | 445.9 m |
EBITDA (FY, 2015) | 1.4 b |
EBIT (FY, 2015) | 830 m |
Market capitalization (24-Jul-2017) | 6.5 b |
Closing share price (24-Jul-2017) | 47.2 |
Cash (31-Dec-2015) | 932.5 m |
EV | 7.4 b |
- Source: Company Filings
| EUR | FY, 2014 | FY, 2015 |
|---|---|---|
Revenue | 18.8 b | 20.7 b |
Revenue growth, % | 10% | |
Cost of goods sold | 15.5 b | 17 b |
Gross profit | 3.3 b | 3.7 b |
Gross profit Margin, % | 18% | 18% |
R&D expense | 214.4 m | 278.4 m |
General and administrative expense | 579.9 m | 637.2 m |
Operating expense total | 794.3 m | 915.6 m |
Depreciation and amortization | 505.7 m | 611.8 m |
EBITDA | 1.1 b | 1.4 b |
EBITDA margin, % | 6% | 7% |
EBIT | 595.4 m | 830 m |
EBIT margin, % | 3% | 4% |
Interest expense | 186.6 m | 173.6 m |
Interest income | 7.9 m | 12.1 m |
Pre tax profit | 276.9 m | 558 m |
Income tax expense | 94.8 m | 185.7 m |
Net Income | 229.6 m | 445.9 m |
- Source: Company Filings
| EUR | Y, 2014 | Y, 2015 |
|---|---|---|
Cash | 1 b | 932.5 m |
Total Assets | 9.1 b | 9.8 b |
Total Debt | 2.4 b | 1.9 b |
Total Liabilities | 7.2 b | 6.8 b |
| EUR | FY, 2014 | FY, 2015 |
|---|---|---|
Cash From Operating Activities | 1 b | 1.2 b |
| Y, 2015 | |
|---|---|
EV/EBITDA | 5.1 x |
EV/EBIT | 8.9 x |
EV/CFO | 5.9 x |
