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Faurecia full-year profit climbs YOY

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Faurecia full-year profit climbs YOY

Faurecia said its normalized net income for the full year amounted to €2.58 per share, compared with the S&P Capital IQ consensus estimate of €2.82 per share.

EPS rose year over year from €1.27.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €323.7 million, a gain from €157.2 million in the year-earlier period.

The normalized profit margin climbed to 1.7% from 0.9% in the year-earlier period.

Total revenue increased 11.2% year over year to €18.77 billion from €16.88 billion, and total operating expenses increased 10.2% year over year to €17.95 billion from €16.29 billion.

Reported net income increased year over year to €310.6 million, or €2.48 per share, from €123.5 million, or €1 per share.