|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||51.50 - 51.50|
|52-week range||36.80 - 60.00|
|Beta (5Y monthly)||2.09|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||1.22 (2.23%)|
|Ex-dividend date||03 Jun 2021|
|1y target est||N/A|
(Reuters) -Faurecia forecast robust current-quarter sales growth on Monday, after surging sales in China helped the French car parts maker beat market expectations in the first three months of the year. The firm, which supplies car seats, dashboards and fuel systems to automakers, posted double-digit organic sales growth across its major divisions, with an 88% jump in China from the year-earlier period taking sales there to significantly above pre-pandemic levels. In a call with analysts, finance chief Michel Favre noted that car production was still very low compared to 2019, before the pandemic shut factories, restricted travel and triggered a global shortage in semiconductor chips.
Stellantis on Thursday announced distribution of the stake it still holds in auto parts maker Faurecia to its shareholders. Stellantis shareholders will decide on the distribution of the shares and up to 308 million euros ($368.46 million) raised from a previous equity sale in Faurecia, in a meeting on March 8, the group said in a statement. The stake in Faurecia was previously held by the former PSA, which merged with Fiat Chrysler (FCA) earlier this year to create Stellantis, the world's fourth largest car maker.
Peugeot maker PSA Group <PEUP.PA> on Thursday said it had raised 308 million euros (279 million pounds) from selling about 7% of car parts firm Faurecia <EPED.PA> to investors, with proceeds due to be paid out to shareholders after it merges with Fiat Chrysler. The French carmaker had said earlier this week that it would sell down a chunk of Faurecia as part of the merger deal with Fiat <FCHA.MI>. Proceeds will be distributed to shareholders in Stellantis - their merged company, due to be created in the first quarter of 2021 - in cash, alongside a distribution-in-kind of PSA's 39% remaining stake in Faurecia.