Faurecia said its normalized net income for the second half was €1.65 per share, compared with the S&P Capital IQ consensus estimate of €2.79 per share.

EPS rose 14.8% year over year from €1.43.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €226.0 million, a gain of 25.3% from €180.3 million in the year-earlier period.

Total revenue declined year over year to €9.18 billion from €9.28 billion, and total operating expenses fell from the prior-year period to €8.70 billion from €8.84 billion.

Reported net income rose 39.6% on an annual basis to €252.4 million, or €1.84 per share, from €180.9 million, or €1.44 per share.

For the year, the company's normalized net income totaled €3.13 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of €3.63.

EPS rose 23.4% from €2.54 in the prior year.

Normalized net income was €429.6 million, a gain of 35.1% from €318.0 million in the prior year.

Full-year total revenue totaled €18.71 billion, compared with €18.77 billion in the prior year, and total operating expenses fell on an annual basis to €17.74 billion from €17.95 billion.

The company said reported net income increased 44.8% year over year to €450.0 million, or €3.28 per share, in the full year, from €310.6 million, or €2.48 per share.