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Faurecia aims to achieve a turnover of 16.5 billion euros in 2014, a jump of nearly 80% compared to 2009, driven notably by growth in emerging countries and accompanied by a marked recovery its operating margin.

In a preliminary statement issued on the occasion of a presentation to analysts of its medium term strategy, the automotive supplier had suggested a target of about 16 billion euros. It was subsequently refined to 16.5 billion by the group finance director, Frank Imbert, at the end of the presentation.

Faurecia said that his goal would be increased by an average annual growth of 12% over the period, exceeding the estimated average market, including 8% organic growth. In 2009, the turnover of the world's leading exhaust stood at 9.29 billion euros.His prediction halfway strategic plan in 2012, is set at $ 14.2 billion.

The group had already said last month during its general assembly in 2010 that would significantly exceed its target of 4% growth, the dynamism of emerging markets in which Faurecia development in addition to continuing strong demand the scrappage Europe in the first half.

He added target for 2012 operating margin of 4% to 4.5%, against 1% in 2009 and 0.8% in 2008. This rate should be increased to 5-6% in 2014 thanks to growth in the group but also savings plan "Challenge 2009" which led to Faurecia, during the crisis of the automobile, reduce its dead.

The growth will come from China

He estimated that at the end of the period of five years, the share of turnover achieved outside Europe that will reach 42%, against 23% last year, with sales increased by 3 3-6900000000 euros.

This shift from the center of gravity of the group due to the rebound of the North American market, which Faurecia plans to take further since it acquired Emcon, and strong growth enjoyed always the Asian market, led by China.

The group aims at 2014 turnover of 1.7 billion euros to the Chinese market, against 700 million in 2009, representing an average annual growth of 19%.

The Chinese automotive market, already become world number one, is expected to double in size in the coming years.Faurecia now believed to be in position to get the best score for the plants he has in place today allow it to achieve the necessary scale. By 2014, the number of sites expected to reach their thirties.

Faurecia also said targeting a net debt to EBITDA of less than 1 in 2012 and 0.5 in 2014.

In exchange, these ads have been welcomed. The stock has gained nearly 5% to 14.825 euros.

A potential policy holder should always study their life insurance quotes carefully and all terms contained within them should be properly understood before any final decision is made.

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The Swiss parliament on Tuesday rejected the agreement for transmission to the United States of thousands of names of UBS clients suspected of tax evasion. Signed in August 2009 between Berne and Washington, the agreement had been challenged in January by the Swiss courts. Members of the National Council (lower house) spoke to 104 vote against the request for information from U.S. on a 4450 American clients suspected of having escaped from their taxes.

Several parliamentarians have yet tried to defend the agreement, citing the urgency of closing a thorny issue for the Swiss government and UBS. "With the uncertainty of a referendum, we extend a risky situation (and) put at risk cooperation with one of the most important economic partners" of Switzerland, the United States, has launched Hans Grunder (bourgeois Democratic Party Swiss center-right).

The Justice Minister Eveline Widmer-Schlumpf for his part called in vain to "close this painful chapter and resolve problems" of the Swiss financial center. The 76 votes cast in favor of the agreement have not made the weight. And because of disagreement between members, the document must pass before the Council of States (upper house) for a new vote. it should be held on Wednesday, the summer session ending June 18

Referendum

Elected officials have also decided to submit the agreement to hold a referendum. Under Swiss law, any citizen may indeed ask, if it meets 50,000 signatures in 100 days, the holding of a referendum on a bill. The people having the last word, any outcome of the vote is final and binding.

A delay or a final refusal, Bern that UBS could put as much in a difficult situation.it might first be seriously tarnished relations between Switzerland and the United States. For the first Swiss bank, a final rejection would be more harmful because it might again confront the prosecution in the United States, while still recovering from losses sustained during the astronomical financial crisis.

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The company, which sells cosmetics and herbal Provence, today launched an offer reserved for the Asian market, covering 25% of its capital, half through a capital increase. She hopes to raise 530 million euros as well. The sovereign wealth fund China Investment Corp. should attend to the tune of 50 million dollars. L'Occitane operates 1,517 stores worldwide and plans to open 650 new in the five years. Reinold Geiger, discreet Austrian businessman, bought the company in 1996. It explains the objectives of this operation.

LE FIGARO. – Why did you finally decided to get an IPO?

Reinold Geiger. – This is the beginning of a new stage. We had a mini-LBO (leveraged buyout, management buyout leveraged) three years ago by buying 13% of our shares to Clarins and 12% to a private investor.Since then, it seemed that the best solution for us was to develop an IPO. It is also a way of giving a market value of the holding company, many employees are shareholders. I will keep a majority stake, or about 52%.

Why Hong Kong?

We sell more in Asia than in Europe and the U.S. together and that's where we are going as we develop. Being listed on Hong Kong will help increase the awareness of society in the region, very important factor to attract consumers. When we arrived in 1997 in Hong Kong and Taiwan, it did not work at all, while in New York where we opened at the same time we exceed our targets. Our auditors have recommended after three years of closing our operations in Asia! But we persevered, developed the image of the brand and, after three to four years, it exploded.Today, in the minds of Asian consumers, we are comparable to luxury brands that I dare not mention the names for fear of seeming pretentious. All our products continue to be manufactured in France because we sell Provence. We will invest 50 million euros in our production sites.

What are your most important markets?

Until now, this is Japan, with 23% of turnover and over 70 stores. Despite the economic crisis, young people continue to consume and we are among the leading imported brands in the country. In Hong Kong, we have 16 stores that work very well. In China, the copiers were installed before us, with hundreds of stores with their signs "Occitown" and "Camenae.It has been very excited at first but the Chinese do not understand our reaction: they explained that it was an honor to be copied! We took two years to mount a 100% subsidiary, which manages more than 40 stores. We will accelerate. China has a potential of 200 to 300 stores eventually. We are also in Taiwan, Korea, Thailand and Vietnam. The United States is our second largest market, with 15% of sales and 170 stores. In Europe, France and the United Kingdom account for 19% of our worldwide sales.

What is your growth potential?

Ten years ago, during an interview in Le Figaro asked me how many shops I have thought ten years later. I said 1000 on a whim – I was 50 at the time! Today we have 1517 in the world. We open about 100 per year.In the year ending March 2009, we achieved a turnover of 537 million euros, up more than 30%. In late December 2009, we were up 14% despite the crisis. We can certainly consider doubling the number of stores worldwide over the medium term. Moreover, we can acquire new brands to develop three or four countries where we operate. We have acquired the cosmetics Melvita there a year and a half and we have already opened in Croatia, Hong Kong and soon in the United States.

With this IPO, you will finally lift the veil on your profitability.

We develop a net profit of more than 10% of turnover.

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At the midpoint, the CAC 40 rose 0.35% to 4003.07 points. Friday it finished just below this threshold. While the markets seem largely reassured Greece, the situation remains tense in Europe, with particular deficits Portuguese and Irish.

On Monday, the news is rather poor. In France, Tuesday, INSEE unveil quarterly national accounts in detail for the fourth quarter of 2009.

Good news this morning in Europe with the rise of the confidence index of entrepreneurs and consumers in the euro area. The latter showed a marked increase in March and well above expectations (+1.8 point to 97.7 points). In Brussels, will meet on Monday the European Ministers of Agriculture and Fisheries.Last week, President Nicolas Sarkozy was willing to "a crisis in Europe" to save the Common Agricultural Policy (CAP).

In the U.S., investors expect the revenue and expenditure of households for the month of March at 14.30. Tomorrow, they watch the housing prices Case & Shiller, and consumer confidence in March.

The energy for

Side energy, France is currently working on establishing a consortium of companies responsible for developing a vast network of power lines under the Mediterranean Sea, to deliver solar electricity produced in Africa to Europe.This project, called Transgreen, bring together suppliers of electricity, electricity grid managers and manufacturers of high voltage equipment under the umbrella of EDF (+1.79% at 39.70 euros), confirming information daily special Enerpresse.

Furthermore, the organization of international environmental advocacy group Greenpeace accused Areva of endangering the health of residents of uranium mines it operates in northern Niger, in a report released Monday cash advance no fax.

Finally, according to Les Echos on Monday, Total (-0.20% to 42.68 euros) is being sold by Lindsey refinery in England in the northeast. "The first offers are expected in the coming days," reads the columns in the business daily.The Sunday Times published Sunday, Gazprom or Valero Essar would be in contention.

Maurel and Wendel in great shape

The title Maurel et Prom climbed 4.59% to 12.20 euros while the group announced the start, March 16, 2010, production of OMGW-1 well in Gabon.

Wendel rises of 2.10%, to 46.36 euros, boosted by a favorable recommendation on the part of Oddo Securities, who went from "accumulate" to "buy" value, with a price target increased from 53 to 56 euros.

Former CEO acquitted Vinci

The dismissal of former chief investment officer of TCW, the U.S. subsidiary to 100% of Societe Generale (+0.77% at 47.51 euros), caused a stir in the United States.The bank believes that this case has "a very marginal impact" to its shareholders.

The fifteenth penal court of Nanterre Friday acquitted the former CEO of Vinci (+0.46% at 43.68 euros), Antoine Zacharias. Prosecutors, who had claimed two years suspended sentence and a fine of 375,000 euros, has appealed the ruling. His annual pension of 2.1 million, his early departure of 12.5 million and earnings of 4.2 million euros in 2005 are therefore assumed to septuagenarian.

Later results, and Korian Trigano unveil their accounts.

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"The matter is delicate and the caveat" said counsel for Renault last December about a possible appeal. Today is yet done. Renault said Thursday morning that he was seeking a retrial in the case of suicide by Antonio B., whose constructor was declared fully responsible by the court of Nanterre.

"This was not an easy decision," said a spokesman for the group, but "it is difficult to accept the idea that Renault could put employees at risk." Yet the argument by the widow of the engineer of 39 years whose body was found dead October 20, 2006, after his defenestration of the building's main technology center of Renault in Guyancourt."Without this organization of work, my husband is still alive," said the widow had at trial, describing a thin man, disturbed by his professional and constantly depreciating. This same argument had certified the court of social security cases of Nanterre in condemning the first time for Renault inexcusable. At the Court of Versailles now, or not to confirm the verdict.

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