The three priority strategies of the Faurecia Group have made significant progress: providing strong technical support for the “winning and winning futureâ€, “living the car on smart life†and “regional development in Asiaâ€.
The CEO of Virginia Group Correda speaks
Creating a green future
At the Investor Day event held in London on June 27, 2017, Faurecia demonstrated the strong profit growth potential of the Clean Mobility Business Group and expects the compound annual growth rate (CAGR) over the next 15 years. Will exceed 7%, and in 2030 achieve more than 10 billion euros of value-added sales with a 15% operating margin. To achieve this profitability target, Green Dynamics' business unit will accelerate the development of new technologies for the electrification of powertrains, and will expand its technological applications such as breakthrough nitrogen oxide emissions reduction to commercial vehicles, high-powered engines and industrial applications.
During the reporting period, Amignex, which was acquired by Faurecia in December 2016, won a bid for a major contractual project in Seoul, South Korea, in the first half of this year. It has assembled 20,000 buses and trucks with unique and innovative post-processing solutions. This contract is another major step after the Copenhagen project in Denmark. In addition, the company has also been selected as a supplier of bus conversion projects in London, UK.
The ambitions of the Faurecia Group to develop technology in the field of fuel cell vehicles led the Group to obtain the intellectual property and process technology of composite hydrogen storage tanks from STELIA Aerospace Composites.
Smart Life on the car
Faurecia is positioned as a unique supplier of automotive interior systems that can fully develop future cockpits with connectivity, versatility and predictability. To this end, the Group has signed a merger agreement for the gradual acquisition of Parrot Automotive (France) and has recently acquired a 50.1% stake in Jiangxi Good Helper Electronic Technology (China). The two companies have provided Fagoria with a strong global supply of services in terms of interconnection capabilities and the hardware and software of the car entertainment information systems.
The Group has also signed key cooperation projects with ZF to carry out subversive and differentiated technical cooperation in the development of automotive interior systems and in the field of safe driving for autonomous driving. With this special advanced engineering development partnership, the two companies will identify and develop innovative safety technologies and interior solutions for every possible occupant position.
Asian Regional Development
Beginning this year, in addition to the acquisition of Jiangxi Good Helper Electronic Technology Company (the company’s retail sales should reach 270 million euros in 2019), Faurecia has also signed two joint ventures with Chinese OEMs: One is engaged in green joint venture with Dongfeng Group. Moved Zhixing's system business and another joint venture with Wuling Industrial for seat production. It is expected that the total sales of the two joint ventures will reach 400 million euros by 2022, which will help Foglia achieve its goal of achieving 5 billion euros of value-added sales in China by 2022, of which 35% will be from Chinese OEMs. .
Group business performance
In the first half of 2017, Faurecia achieved value-added sales of 8.585 billion euros, an increase of 8.4% on the basis of the report, and an endogenous growth of 8.5%, which is 550 benchmark points (+3.0%) higher than the global automobile production growth rate. Automotive Consulting Company IHS Automotive June 2017 data);
All business departments showed endogenous and stable growth with a growth rate of over 6%;
All regions contributed to endogenous growth, and their performance was better than local auto output growth; North America, Asia and South Africa even reached double-digit growth;
On the customer side, the most significant growth came from Ford (+20% endogenous growth), FCA (+36% endogenous growth), Cummins commercial vehicle (+44% endogenous growth), and Chinese OEMs. Double (+96% of endogenous growth);
In the first half of 2017, the positive currency effect (+1.4%) of EUR 109 million substantially offset the negative impact of EUR 117 million (-1.5%) due to the withdrawal of the Fountain Inn (USA) plant. Endogenous growth includes 191 million euros (2.4%) from the joint venture merger (mainly a Changan joint venture in China) (the merger of the Changan Group joint venture in China and the FDA joint venture in Brazil, both All joint ventures are affiliated with the interior business division);
Faurecia’s operating income increased by 20% to 587 million euros; the profit margin increased by 60 benchmark points, which accounted for 6.8% of value-added sales.
Virginia Group Performance
All business units have improved profitability
Profit margins in Europe and North America increased by 20 benchmark points and 50 benchmark points, which accounted for 6.2% and 5.9% of value-added sales, respectively. Profit margins in Asia have remained at double-digits, accounting for 11.6% of value-added sales. At the same time, the South American region resumed profitability and its operating income achieved a significant increase of 22 million euros.
Sales and profit by region
European region (accounting for 50% of group sales): Continuous improvement in profitability, leveraging operating efficiency leverage;
Value-added sales amounted to 4.295 billion euros, achieving an endogenous growth of 2.7%; operating margin increased by 20 benchmark points, which accounted for 6.2% of value-added sales;
Value-added sales amounted to 4.289 billion euros in the first half of 2017, which was 4.204 billion euros in the first half of 2016.
This sales increased by 2.2% on the basis of the original report and achieved an endogenous growth of 2.7%, which outperformed the European region (including Russia) in vehicle output growth (+1.2%, Source: IHS Automotive, June 2017) .
In the first half of 2017 sales were disrupted due to fires at a supplier's factory. As a result, the impact of the accident on sales of Faurecia in the first half of 2017 was estimated to be approximately Euro 76 million (1.8%). At the same time, it is expected that this negative impact will be partially offset in the second half of 2017.
Operating income reached 266 million euros in the first half of 2017 (254.1 million euros in the first half of 2016), which accounted for 6.2% of value-added sales, which was 20 basis points higher than the same period of previous years.
North America (28% of group sales): Strong sales momentum
Value-added sales amounted to 2,401 million euros, achieving an endogenous growth of 10.0%; operating margin improved by 50 benchmark points, accounting for 5.9% of value-added sales
Value-added sales reached 2,401 million euros in the first half of 2017, which was 2,253 million euros in the first half of 2016. This sales increased by 7.9% from the original report basis, and achieved an endogenous growth of 10.0%. The growth performance was better than the growth of vehicle production in North America (-0.5%, Source: IHS Automotive, June 2017).
Affected by the divestment of the Fountain Inn (USA) factory, the regional performance was negatively impacted by approximately EUR 117 million (-5.3%). However, the exchange rate factor has brought a positive effect of 71 million euros (+3.2%).
Operating income reached EUR 141.1 million in the first half of 2017 (approximately EUR 119.9 million in the first half of 2016), which represented 5.9% of value-added sales and increased by 50 basis points over the same period of previous years.
Asia (accounting for 16% of group sales, including China, which accounted for 12% of group sales): Driven by China's OEMs and the SUV market, China's sales are encouraging and maintain high profitability;
Value-added sales amounted to 1.377 billion euros, achieving an endogenous growth of 16.9%; operating profit margin double-digit growth, accounting for 11.6% of value-added sales;
Value-added sales amounted to 1,377.6 million euros in the first half of 2017, compared to 1.181 billion euros in the first half of 2016. This sales increased by 16.6% compared to the original report basis, achieving an endogenous growth of 16.9%, and the growth performance was better than the growth of automobile production in Asia (+4.6%, Source: IHS Automotive, June 2017).
This endogenous growth includes the 127.9 million euros (10.8%) obtained from the merger of China Changan Group joint ventures.
Endogenous value-added sales growth in China reached 21.6%, a growth performance better than the region's vehicle output growth (+4.9%, source: IHS Automotive Consulting Co., Ltd., June 2017), and the Group’s vehicle sales to China The increase in value-added sales of manufacturers almost doubled (+96%). In the first half of 2017, China's value-added sales totaled 1.0591 billion euros (888.6 million euros in the first half of 2016), of which Chinese vehicle manufacturers accounted for 155.5 million euros (10.8 million in the first half of 2016).
Operating income reached 159.8 million euros in the first half of 2017 (13.9 million euros in the first half of 2016), accounting for 11.6% of value-added sales;
South America (accounting for 5% of group sales): Recover sales and profitability;
Value-added sales amounted to 388 million euros, achieving an endogenous growth of 56.6%; South America began to recover profits, operating income was 6 million euros, and operating losses in the first half of 2016 amounted to 16 million euros;
Value-added sales totaled 388.2 million euros in the first half of 2017, which was 218.1 million euros in the first half of 2016. This sales increased by 78.0% compared with the original report basis, and achieved an endogenous growth of 56.6%. The growth performance was better than the growth of automobile production in South America (+15.0% (source: IHS Automotive, June 2017).
This endogenous growth includes 62.8 million euros (28.8%) from the merger of the FCA Group joint venture (producing services for the Pernambuco plant).
Currency exchange also brought a strong positive impact of 46.6 million euros (+21.4%).
Operating income reached 5.9 million euros in the first half of 2017 (compared with a loss of 16.2 million euros in the first half of 2016), which accounted for 1.5% of value-added sales and achieved an increase of 22.1 million euros.
Business sales and profit breakdown by business unit
Car seat system (42% of group sales);
Value-added sales reached EUR 3,633 million, achieving an endogenous increase of 8.9%; operating margin increased by 30 benchmark points, accounting for 5.6% of value-added sales;
Value-added sales amounted to 3.633 billion Euros in the first half of 2017, which was 3,299.4 million Euros in the first half of 2016. This sales increased by 10.1% compared to the original reporting basis, and achieved an endogenous growth of 8.9%. The growth performance was better than the global automobile production growth rate (+3.0%, Source: IHS Automotive, June 2017 data).
Value-added sales in North America increased by 17% from the original report basis, and South America increased by 37%.
Operating income reached 202.7 million euros in the first half of 2017 (175.6 million euros in the first half of 2016), which represented 5.6% of value-added sales, and increased 30 benchmark points compared to the same period of previous years.
Green Motion Zhizhi (accounting for 27% of group sales)
Value-added sales amounted to 2.287 billion euros, achieving an endogenous growth of 6.6%; operating margin improved by 70 benchmark points, accounting for 10.1% of value-added sales.
Value-added sales amounted to 2,287.3 million euros in the first half of 2017, a year-on-year increase of 2.104 billion euros. This sales increased by 8.7% compared to the original report basis, and achieved an endogenous growth of 6.6%. The growth performance was better than the global automobile output growth rate (+3.0%, Source: IHS Automotive, June 2017 data).
Sales to Cummins Inc. (+44% growth over the same period of previous years) are still a strong growth point; sales of commercial vehicles have increased by 38%, and now account for 11% of sales of the Green Motion Zhixing Business Unit.
Sales in China still maintain a sustainable endogenous growth of 9%.
Operating income reached EUR 231.6 million in the first half of 2017 (a year ago, it was EUR 198.4 million in the first half of 2016), which represented 10.1% of value-added sales, and an increase of 70 points compared with the same period of previous years.
Interior Systems (31% of Group Sales)
Value-added sales amounted to 2.664 billion euros, achieving 9.5% endogenous growth; operating margin improved by 60 benchmark points, accounting for 5.7% of value-added sales.
Value-added sales amounted to 2,646,400 million euros in the first half of 2017, and was 2,517 million euros in the first half of 2016. This sales increased by 5.8% compared to the original report basis, and achieved an endogenous growth of 9.5%. The growth performance was better than the global automobile output growth rate (+3.0%, Source: IHS Automotive, June 2017 data).
This sales was negatively impacted by EUR 117 million (-4.7%) due to the withdrawal of the Fountain Inn (USA) plant.
Endogenous growth includes 119 million euros (7.6%) of the two joint ventures (China Changan Group Joint Venture and Brazilian FCA Group Joint Venture).
Operating income reached 152.4 million euros in the first half of 2017 (a year-on-year ratio of 128.7 million euros, which represents 5.7% of value-added sales, and an increase of 60 basis points over the same period of previous years.
Net profit (group revenue) achieved a double-digit growth of 28% to 314 million euros;
The operating income of the Group was 586.7 million Euros, a 20% increase from the 490.3 million Euros in the first half of 2016;
Restructuring costs: net expenditures of 29.3 million Euros, a net expenditure of 58.2 million Euros in the first half of 2016;
Other non-recurring operating income and expenses: Net expenditures of 3 million Euros, which represents a net expenditure of 7.6 million Euros in the first half of 2016;
Total net financing costs: Net expenditures were 64,600,000 Euros, which represented a net expenditure of 106 million Euros in the first half of 2016, which included the expected expenditure of 21 million Euros to pay off 2016 bonds;
Income tax: The net expenditure was 144.3 million Euros, which represented a net expenditure of 94.8 million Euros in the first half of 2016, which basically reflected the increase in profit before tax (effective tax rate was 29.5%, and 29.8% in the first half of 2016).
The sum of net profit and share of net profit of associates before deducting minority shareholders' equity was 345.5 million euros, which was 271.4 million euros in the same period of the first half of 2016, including net profit of 47.6 million euros from the spin-off business (corresponding to the car exteriors that had been stripped off at that time System business activities).
The share of net profits of associates was 18.4 million euros, which was 13.2 million euros in the first half of 2016.
The net profit before deducting minority shareholders' equity was 363.9 million euros, which was a 28% increase from the 288.6 million euros in the first half of 2016.
The minority shareholders' equity was 49.5 million euros, which was 39.6 million euros in the first half of 2016.
As a result, the combined net profit (group revenue portion) was 314.4 million euros, a 28% increase from the 245 million euros in the first half of 2016.
Robust financial structure with net debt of 414 million euros, a 56% drop from the same period of previous years
EBITDA reached 938.3 million euros, 813.8 million euros in the same period of the first half of 2016
Capital expenditures and R&D capitalization expenses totaled 508 million Euros, which was 417 million Euros in the first half of 2016, reflecting an increase in the number of projects in the first half of 2017 and the second half of 2017.
The inflow of funds for changes in working capital requirements (including accounts receivable factoring business) was 73 million Euros, an increase of 75 million Euros over the same period of the previous year.
The outflow of funds for structural restructuring was 56 million Euros, compared to 24 million Euros in the first half of 2016.
The outflow of funds from net financing expenses was 65 million Euros, which was 83 million Euros in the first half of 2016, reflecting the Group has obtained more favorable financing conditions.
The outflow of income tax amounted to EUR 117 million, which represented a capital outflow of EUR 105 million in the first half of 2016.
The outflow of funds distributed by dividends (including minority interests) amounted to 144 million euros, compared with 120 million euros in outflows in the first half of 2016.
The capital outflow from equity acquisitions was 40 million euros, compared with 24 million euros in the first half of 2016.
The net cash flow was 210.5 million euros and it was 204.7 million euros in the first half of 2016.
As of June 30, 2017, the Group's net financial liabilities amounted to 413.8 million euros, a decrease of 56% from the same period of net financial liabilities of EUR 941.3 million as of June 30, 2016.
Robust financial structure: More than 70% of the total debt has been secured in the form of bonds, no bonds are due before 2022, and 1.2 billion euros of unsettled syndicated loans due in June 2021 have enabled the Group to obtain strong financing flexibility. Sex, through the recent refinancing operations to achieve substantial improvement in the financing environment and conditions.
2017 full-year guidance upgrade
Based on the strong performance of Foggia in the first half of 2017 and its optimistic outlook for the second half of 2017 and the assumption of a global growth rate of global vehicle production of approximately 2%, the FY2017 presented on February 9, 2017 is now Guidance to make upside adjustments: FY17 value-added sales growth +7% (at constant exchange rates), which is approximately 500 basis points higher than global vehicle production growth (February 2017 was originally set to “growth +6% ( Calculated at a fixed exchange rate or approximately 400 benchmark points higher than the global automobile production growth rate); FY17 operating margin (based on value-added sales) ranged from 6.6% to 7.0% (February 2017 original target "Operating profit margin (based on value-added sales) between 6.4% and 6.8%"); FY2017 net cash flow exceeding 350 million euros (no change compared to February 2017 guidance); 2017 fiscal year Earnings of more than €4.00 (Original target of February 4th, 2017 is "about 4.00 euros").
Faurecia steadily advances the achievement of the 2018 target: compound annual growth rate (CAGR) of value-added sales from 2016 to 2018: +6% or 400 base points higher than the growth rate of automobile production; business in value-added sales in fiscal year 2018 Profit margins reach 7%; net cash flow exceeds 500 million euros in fiscal year 2018; earnings per share up to 5.00 euros in fiscal year 2018
The main assumption is that the output of light vehicles (passenger vehicles + light commercial vehicles < 3.5 tons) will increase by 2% globally. Europe: At least +2%; North America: -3% to -1%; China: +1 million vehicles per year; Currency: US$ 1.10 exchange rate against the Euro and 7.52 against the Euro.
Goodsense T-series forklift advantages:
1.Strong Power System.GOODSENSE forklifts are all with reliable power accessories.All accessories like engine, gear box are support by domestic and world famous brand, high quality, reliable after-sales.We follow the strict environmental design,all engines match the China â…¢ or even higher emission standards.
2.Super comfortable.GOODSENSE forklifts are all with comfortable driving space,adjustable steering wheel and seats,super low and non-slip step,suspension steering axle,storing space,and convenient LCD panel.
3.High Security.Whole perspective mast and backrest, super good view,high strength overhead guard,high place security combination lamp,neutral security features,parking brake,fork lock function(optional),all for safety.
General |
|
|
|
|
|
|
Model |
|
FD30T |
FD35T |
FD38T |
FD40T |
|
Power Type |
|
Diesel |
Diesel |
Diesel |
Diesel |
|
Load Capacity |
kg |
3000 |
3500 |
3800 |
4000 |
|
Load centre |
mm |
500 |
500 |
500 |
500 |
|
Tyre |
|
|
|
|
|
|
Tyre |
|
|
Pneumatic Tyre |
Pneumatic Tyre |
Pneumatic Tyre |
Pneumatic Tyre |
Front Tyre |
|
28×9-15-12PR |
28×9-15-12PR |
28×9-15-12PR |
250-15-16PR |
|
Rear Tyre |
|
6.50-10-10PR |
6.50-10-10PR |
6.50-10-10PR |
6.50-10-10PR |
|
Overall Dimension |
|
|
|
|
|
|
Lift Height |
mm |
3000 |
3000 |
3000 |
3000 |
|
Fork Size |
L×W×T |
mm |
1070×125×45 |
1070×125×50 |
1070×125×50 |
1070×125×50 |
Mast Tilt Angle |
F/R |
. |
6/12 |
6/12 |
6/12 |
6/12 |
Mast Lowered Height |
mm |
2115 |
2150 |
2150 |
2195 |
|
Mast Extended Height(with backrest) |
mm |
4175 |
4175 |
4175 |
4180 |
|
Length to face of fork(Without fork) |
mm |
2780 |
2840 |
2840 |
2890 |
|
Overall Width |
mm |
1230 |
1230 |
1230 |
1410 |
|
Overhead Guard Height |
mm |
2110 |
2110 |
2110 |
2120 |
Application Area:
1.Warehouse
2.Port
3.Factory
4.Distribution Center
5.Logistics
If you have any other questions,please contact us directly.Our forklift are all with high quality,and you can choose any other engine to equip.It can be produced according to your idea.And we invite you to visit our factory.
T-Series Diesel Forklift,T-Series Diesel Forklift,T-Series Forklift Diesel,T-Series Used Forklift
ZHEJIANG GOODSENSE FORKLIFT CO.,LTD , https://www.goodsenseforklift.com