Forvia SE (MIL:1FRVIA)
€ 8.5 0.142 (1.7%) Market Cap: 1.60 Bil Enterprise Value: 10.17 Bil PE Ratio: 8.63 PB Ratio: 0.38 GF Score: 62/100

Q3 2020 Faurecia SE Corporate Sales Call Transcript

Oct 23, 2020 / 06:45AM GMT
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Faurecia Q3 Results 2020 Conference Call. (Operator Instructions). I must advise you that this conference is being recorded today.

I would now like to hand the conference over to your speaker today, Michel Favre. Please go ahead, sir. Over to you.

Michel Alain Maurice Favre
Faurecia S.E. - Executive VP & Group CFO

Thank you. Good morning, ladies and gentlemen. Thank you for attending this conference call. I am with Olivier Durand, our Deputy CFO; Marc Maillet and Anne-Sophie Juegean, our Investor Relations team.

I will present our sales figure for the third quarter. The press release was posted this morning at 7:30 Paris time on our website. And the slide show that I am now going to comment is also available on our website.

Starting with Page 2. Our sales in the quarter were significantly better than previously expected, at EUR 3.9 billion, supported by improved market conditions. This showed a strong quarter-after-quarter sequential improvement as well as a

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