Jul 23, 2019 / 07:00AM GMT
Patrick Koller - Faurecia S.A. - CEO & Director
Good morning, and warm welcome to this presentation of our H1 results.
And my intention today is to start with some highlights of the first half, followed by a detailed review by Michel, made by Michel, for our H1 results. And I will close this presentation with our full year 2019 guidance.
In a few words, I think that I can summarize our H1 results saying that we had resilient sales, resilient profitability and cash generation. Our sales outperformance of 420 basis points was achieved in a very challenging environment. We had an growth ex currencies and ex Clarion of minus 2.8%, this in an global automotive production environment at minus 7%. Our resilient profitability was demonstrated at -- in the last half of 2018 and again here in 2019. Our operating margin is at 7.2%, this including Clarion. And excluding Clarion, we achieved an operating margin at 7.3%. Our net cash flow is at EUR 257 million, up 3.9% year-on-year.
And few seconds about -- speaking about resilience, focusing about resilience. You see here that we were
Half Year 2019 Faurecia SE Earnings Call Transcript
Feb 13, 2024
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