French automotive supplier Faurecia expects its sales to grow more than €16.5bn ($19.4bn) in FY2021 and projects an operating margin of 7pc which is close to pre-pandemic levels. 

 

The firm also expects an order intake worth €26bn in this fiscal year. 

 

That said, the guidance is expected to remain only if the automotive production reaches 39 million vehicles globally in H2 2021 and no major lockdowns are reported. 

 

The company’s sales in H1 2021 grew by 27.9pc to €7.7bn compared to €6bn in H1 2020. Its order intake also reached €12bn in the first half of the year, which is in line to achieve the targeted amount by the end of this year, it said in a statement. 

 

The firm’s EBITDA rose to €1.1bn in H1 2021 compared to €513mn in H1 2020.

 

($1 = €0.85)

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