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Faurecia foresees robust Q2 growth on strong China demand Faurecia foresees robust Q2 growth on strong China demand CFO noted that car production was still very low compared with 2019 Reuters Print Faurecia forecast robust current-quarter sales growth on Monday, after surging sales in China helped the French car parts supplier beat market expectations in the first three months of the year. Faurecia, which supplies seats, dashboards and fuel systems to automakers, posted double-digit organic sales growth across its major divisions, with an 88 percent jump in China from the year-earlier period, taking sales there to significantly above pre-pandemic levels. In a call with analysts, finance chief Michel Favre noted that car production was still very low compared with 2019, before the pandemic shut factories, restricted travel and triggered a global shortage in semiconductor chips.

Michel favreமைக்கேல் பாவிரே