Faurecia 04 profits improve, warns on H1 05 margins

Newswire

PARIS, Feb 17 (Reuters) - French car part maker Faurecia posted a strong recovery in net profits on Thursday, thanks to sustained demand and operating improvements, but warned tough sector conditions would hurt margins in 2005. Faurecia, 71.5 percent owned by PSA Peugeot Citroen , said in a statement 2004 net profit totalled 83.7 million euros, compared with 10.1 million euros in 2003. Operating profit rose to 366.3 million euros from 302.8 million euros in 2003, on already reported ...

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