Times are tough for the auto industry, which produced 4.3 million fewer vehicles worldwide last year. In this troubled context, the French equipment manufacturer Faurecia succeeds in doing well. In 2019, this specialist in car interiors, seats and pollution control systems achieved its objectives: its operating margin exceeded 7%. And, at constant scope and exchange rates, its turnover (17.8 billion euros) fell by only 3%, while the world market plunged by 5.8%. " In 2019, we again demonstrated our resilience in a very difficult environment, while continuing to deploy our transformation strategy ," said Patrick Koller, CEO of Faurecia.
His recipe for staying the course in the storm: first of all, don't spend it wrong. Thus, last year, the group saved 175 million euros. " We have notably limited recruitments, reduced travel and recourse
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