Nasdaq Today – French car parts group Faurecia’s Q1 sales beat market forecasts
April 19 (Reuters) – French car parts maker Faurecia’s EPED.PA first-quarter sales beat market expectations on Monday, helped by particularly strong growth in China.
The firm, which supplies car seats, dashboards and fuel systems to automakers, posted sales up 8.9% to 4.01 billion euros ($4.79 billion), ahead of the 3.93 billion forecast by analysts.
Faurecia confirmed its financial targets for 2021, 2022 and 2025.
($1 = 0.8365 euros)
(Reporting by Sarah Morland and Veronica Snoj in Gdansk; Editing by Muralikumar Anantharaman)
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