Earnings Release • Apr 19, 2011
Earnings Release
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Nanterre, April 19, 2011
Faurecia sales totaled €3,963.0 million in the first quarter of 2011, up 24%. This figure includes sales for Plastal Germany, consolidated since April 1, 2010 (€135.9 million), and Plastal Spain, as of October 1, 2010 (€46.7 million). Angell-Demmel business activities incorporated on January 1, 2011, contributed €17.5 million to Faurecia sales in the first quarter.
At constant exchange rates and on a comparable basis, sales were up 15% in the first quarter of 2011 (excluding the contribution from Plastal Germany, Plastal Spain and Angell-Demmel).
| In €m | Q1 2011 | Q1 2010 | Change | Change (*) |
|---|---|---|---|---|
| Consolidated sales | 3,963.0 | 3,202.4 | 23.7% | 15.1% |
| of which Product sales | 3,103.6 | 2,534.1 | 22.5% | 13.3% |
| of which Monolith sales | 644.9 | 486.8 | 32.5% | 29.8% |
| of which Development, tooling & prototypes for third parties |
214.5 | 181.5 | 18.1% | 2.1% |
(*) at constant exchange rates and on a comparable basis
| In €m | Q1 2011 | Q1 2010 | Change | Change (*) |
|---|---|---|---|---|
| Product sales | 3,103.6 | 2,534.1 | 22.5% | 13.3% |
| Europe | 2,087.2 | 1,766.1 | 18.2% | 7.7% |
| North America | 568.7 | 422.1 | 34.7% | 31.1% |
| South America | 146.8 | 110.5 | 32.8% | 23.9% |
| Asia | 249.7 | 193.4 | 29.1% | 23.2% |
| China | 197.5 | 157.4 | 25.5% | 19.5% |
(*) at constant exchange rates and on a comparable basis
NB: Change is shown at constant exchange rates and on a comparable basis.
Product sales totaled €1,188.0 million, an increase of 11%:
Product sales totaled €775.4 million (including €17.5 million from Angell-Demmel business activities), up 12%:
Product sales totaled €715.7 million, an increase of 24%:
Product sales totaled €424.5 million (including €156.3 million from Plastal business activities), an increase of 8%. Europe represented 97% of product sales.
| In €m | Q1 2011 | Q1 2010 | Change | Change (*) |
|---|---|---|---|---|
| Product sales | 3,103.6 | 2,534.1 | 22.5% | 13.3% |
| Automotive Seatin ' g | 1,188.0 | 1,062.2 | 11.8% | 10.5% |
| Interior Systems | 775.4 | 669.7 | 15.8% | 11.7% |
| Total Interior Modules | 1,963.4 | 1,731.9 | 13.4% | 11.0% |
| Emissions Control Technologies | 715.7 | 562.8 | 27.2% | 23.9% |
| Automotive Exteriors | 424.5 | 239.4 | 77.3% | 8.0% |
| Total Other Modules | 1,140.2 | 802.2 | 42.1% | 17.7% |
(*) at constant exchange rates and on a comparable basis
| In €m | Q1 2011 | Q1 2010 | Change | Change (*) |
|---|---|---|---|---|
| Total sales | 3,963.0 | 3,202.4 | 23.7% | 15.1% |
| Automotive Seatin ' g | 1,233.6 | 1,117.0 | 10.4% | 9.1% |
| Interior Systems | 875.9 | 751.9 | 16.5% | 12.7% |
| Total Interior Modules | 2,109.5 | 1,868.9 | 12.9% | 10.6% |
| Emissions Control Technologies | 1,387.4 | 1,078.4 | 28.7% | 25.7% |
| Automotive Exteriors | 466.0 | 255.1 | 82.7% | 7.2% |
| Total Other Modules | 1,853.5 | 1,333.5 | 39,0% | 20.7% |
(*) at constant exchange rates and on a comparable basis
Faurecia is the world's #6 automotive equipment supplier with four key Business Groups: Automotive Seating, Emissions Control Technologies, Interior Systems and Automotive Exteriors. In 2010, the Group posted total sales of 13.8 billion euros. It employs 75,000 people in 33 countries at 238 sites and 38 R&D centers. Faurecia is listed on the NYSE Euronext Paris stock exchange. For more information, visit: www.faurecia.com
Media Olivier Le Friec Manager Media Relations Tel: +33 (0)1 72 36 72 58 Mob: +33 (0)6 76 87 30 17 [email protected] Analysts/Investors Eric-Alain Michelis Director Investor Relations Tel: +33 (0)1 72 36 75 70 Mob: +33 (0)6 64 64 61 29 [email protected]
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