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Press release In Єm Faurecia inspiring mobility FIRST - QUARTER 2021 SALES Nanterre ( France ) , April 19 , 2021 Q1 2021 SALES UP 12.2 % ON AN ORGANIC BASIS IN ALL REGIONS , STRONG OUTPERFORMANCE FULL - YEAR FINANCIAL TARGETS CONFIRMED Group sales At constant scope and currencies Q1 2020 * Q1 2021 Change 3,678 4,005 + 8.9 % + 12.2 % Q1 2020 sales restated for IFRS 5 ( see in Appendix ) Q1 SALES UP 12.2 % ON AN ORGANIC BASIS , WITH STRONG OUTPERFORMANCE IN ALL REGIONS Double - digit organic growth for Seating , Interiors and Clean Mobility ; organic growth of 5.7 % for Clarion Electronics , despite the shortage of electronic components " In all regions , strong outperformance , with sales in China exceeding pre - Covid sales of Q1 2019 At Group level , Q1 sales performance continued to be impacted by a significant unfavorable geographic mix effect estimated at c . 900bps Turnaround of this geographic mix effect and gradual ramp up of new Seating programs will contribute to accelerate organic growth and outperformance in Q2 FULL - YEAR FINANCIAL TARGETS CONFIRMED Faurecia's assumption that worldwide automotive production should amount to 76.6m vehicles in 2021 remains valid , considering the current shortage of electronic components . Consequently , all full - year financial targets , as presented on February 22 , are confirmed : Sales ≥ € 16.5bn and strong organic sales outperformance > + 600bps " Operating margin of c . 7 % of sales , close to pre - Covid levels Net cash flow of c . € 500m and net - debt - to - EBITDA ratio < 1.5x at year - end Patrick KOLLER , CEO of Faurecia , declared : " In Q1 , our sales showed double - digit organic growth , with strong outperformance in all regions . Organic sales growth was solid across our different activities , despite the shortage of components during the quarter . Growth was particularly strong in China , where our sales exceeded pre - Covid sales of Q1 2019 . In Q2 , even taking into account a negative impact from the shortage of electronic components , we will deliver very strong organic sales growth and outperformance , driven by the start of production of new programs . We are fully on track to achieve all our financial targets for the year and our order intake objective . After the successful spin - off , Faurecia has now a free float of 85 % with an enlarged international shareholder base and an increased share liquidity . " 1