Nanterre, France — Faurecia, which makes automotive seating and interior components, generated sales of EUR 4.2 bn in the third quarter of 2019. This is higher by 4% than the same period in 2018.
The company said that sales overall were hit by a strike at GM in the US which started on 6 September. This has cost Faurecia EUR 23m in the quarter.
Koller: 'on track for a record year of order intake.'
In the seating division, numbers were hit by the end of production of several models and the strike at GM's plants in the US. The strikes took EUR 8m off the sales number.
Ignoring this, the sales drop was in line with the previous quarter. But, Faurecia said, the division is outperforming the global automotive market, which shrank faster.
'Since the beginning of the year, our sales posted a solid outperformance versus automotive production of close to 300 basis points (0.3%),' said CEO Patrick Koller.
He added that the company repeated its profit guidance for the year, and that his company is on track for a record year of order intake in 2019.
The company did not give any profit or earnings guidance.
