India, Feb. 17 -- French automotive parts manufacturer Faurecia (FURCY.PK) reported that its net income Group share for fiscal year 2019 declined to 589.7 million euros from 700.8 million euros in 2018.
Group operating income was 1.28 billion euros, slightly up from 1.27 billion euro in 2018.
Annual sales were 17.77 billion euros, up 1.4% on a reported basis.
The Board of Directors will propose at the next Annual Shareholders' Meeting, to be held in Paris on May 29, the payment of a dividend of 1.30 euros per share compared to 1.25 euros per share paid last year.
For 2020, the company expects solid reported sales growth, including a scope effect representing about 500bps of sales growth; improvement in profitability, with operating marg...