Nanterre, France - Automotive supplier Faurecia said its first-quarter 2010 sales rose on a like-for-like basis by 32.2 percent.
Faurecia said product sales are a good indication of activity, andthese were up by 40.7 percent (at constant exchange rates and on acomparable basis) in relation to the first quarter of 2009, totalingEuro 2534 million. These results include Euro 271 million generated by Emcon, an emissions controls group Faurecia bought last year.
The sales increases were made up of a 92-percent increase in Asia, a68-percent increase in North America and a 31-percent increase inEurope,said the France-headquartered supplier of automotive seating,interiors, exteriors and emission controls.
Faurecia's consolidated sales for the first quarter of 2010 stood at Euro 3202 million ($4200 million), up by 59.5 percent. This includes Euro 533 million from Emcon (sales up 33 percent at constant exchange rates), which has been consolidated since 1 Jan 2010.
These healthier Q1 sales have led Faurecia to revise its growth prospects for the first half of 2010, initially forecast at 15 percent. Now it expects growth in product sales to reach 28-30 percent.
In Automotive Seating, Faurecia said its sales were Euro 1062 million, a 36.7-percent rise, while in interior systems sales were Euro 670 million, a 46.3-percent increase.
In South America, seating sales rises were driven by sales of the Peugeot 206 and Renault Logan Sandero, while in Asia, they were boosted by the launch of the Citroën C4 and healthy sales for the Nissan Teana and the Volkswagen Golf, Faurecia said.
In interior systems, the group said its European sales rises were boosted by the launch of the new Citroën C3 and sales of the Ford Fiesta and Mercedes S-Class.