Nanterre, France - Automotive seat manufacturer Faurecia has reported an increase of 1.7 percent in sales for the third quarter (Q3) of 2008.
In Europe the company reported sales totalling Euro 2 089.7 million ($2 684.2 million) a rise of 0.9 percent on a like-for-like basis, excluding monoliths.
North American sales totalled Euro 422.4 million, a decrease of 9.3 percent or 2.1 percent excluding monoliths on a like-for-like basis. South American sales increased by 27.7 percent to Euro 103.3 million on a like-for-like basis and in Asia sales rose by 7.1 percent in China, dropping by 22.3 percent in Korea on a like-for-like basis and excluding monoliths, totalling Euro 164.9 million for the region as a whole.
For the automotive seat sector the company reported sales of Euro 1 196.5 million Q3, an increase of 3.5 percent (at constant exchange rates), up 2.7 percent in Europe, down by 0.3 percent in North America and up by 22.1 percent in South America and 9.5 percent in Asia.
Faurecia manufactures polyurethane foam as part of its automotive seating system.
(RD)
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