Forvia SE (XPAR:FRVIA)

€ 14.435 0.005 (0.03%) Market Cap: 2.84 Bil Enterprise Value: 9.76 Bil PE Ratio: 12.89 PB Ratio: 0.63 GF Score: 86/100

Full Year 2018 Faurecia SA Earnings Call Transcript

Feb 18, 2019 / 09:00AM GMT

Transcript

Patrick Koller

Faurecia S.A. - CEO & Director

Okay. So first, and very warm welcome to all of you, and thank you to have taken the time to join us here in Nanterre, in our new headquarter. We have moved in early November, so it's a dedicated building, state-of-the-art. And for a few of you, if you would be interested, at the end of this presentation, we would be glad to show you the premises.

I suggest to start with the 2018 highlights. Michel will then detail our full year results. I will give you some strategic update, and I will close the presentation with the 2019 guidance.

In a nutshell, the performance in 2018 was strong. It confirmed the resilience and the agility of our business model. Faurecia achieved a strong financial performance and met all our 2018 targets. And we haven't made any warning. We even had improved our guidance in July. We demonstrated the resilience in the face of an increasingly strong headwind environment in the second half. We had very strong order intake here in 2018, and I will detail this a little bit more. The pertinent business model with short

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