Patricia. you, Good will start slide. technical I morning, Thank ladies gentlemen. and
that you sell business in our quarter. remind means Team Equal EST should to happen process that are we this to Just closing with the Status
and we Of course, you in XXXX, one loss the now Going X for the and will in sales. according XXXX to figures listed profit specific line IFRS norm, have statement, [ph] to result the see
We showing have slide this has quarter. market after the puts quarter it's happened what in because
What XXXX the first due a course the of you [ph] and big a was So quick description half to shortage the recovery is lockdowns. semiconductors. see mainly decision of XXXX with in QX
with with you You can we production said minus first volume half auto X%. is the compare these to XXXX. it With minus was impact, by sales when respect if production the respect XX%, of XX% compare to we this we posted the by volumes XXXX, this see down XXXX of semester,
first €XXX and repeat operating a of with sales, margin operating this X.X% with of sales, is respect XXX able improve w more we last it to million are half basis from XXXX of semester to were half. X.X% second margin, points the note fact that the €XXX So to performance more I important than is million losing
Going now to difficult the mix second geographic to comment because key. performance, is
we quarter comment the say the opposite positive, Asia, very currently first was year. is which impacted, for The quarter, was was lower strong second and Europe say we a last
This more When go to of adverse outperformance have the to mention quarter. in basis second balanced. geographic we explains half, market have first we the this customer XX.X% to low despite this are mix. production differ some a outperformed We respect So as by with the the plus point. point. we that XX.X%. mix mix sale huge I the would say, We XXX geographic was
have with You lost customer We million of for Faurecia second minimum year instance, volume year. have €X to the can was and compare margin, that half. production. seen the outperformance of end inside for of XXX expected as a mention recovery the of course, impact that of basis which saying that first boosted year recovery I full smaller currency I I its volumes. is totaling to has was this that a Operating to for to in confirm performance as very if good full of point this volume, that X%, last
something We performance same had maintain, the the fact whatever an guidance locomotive price half. anticipate in to on was from good the increase, like as our have can improve adverse a gross that past figure putting our even that million, suffered are expected, our forecast XX%. We an margin the product. capacity We and fall €XX the by as we impact of and for second
discipline the restructuring of have €XX part cost-cutting is million. strong and limited. period for Main million big group volumes is We a only where figure very those We is say are part in €XXX downtime.
as operating this half. second expected margin of So the million €XXX to continue of inflate course will
in and I have that very for one-offs. the up as [indiscernible] the away, the Brazil right cost is that link see One composited expected two €XX million. plant €XX have pass employee. we on volume the a as sales slide, is you a positive is fact on million recovering fees, we which On with fiscal tax can were based we
impact the photo point. mix, sitting expecting a a only business up in So will some altogether, to year point. half. impact. no Because outperformance was It of but have start a we to one customer impact in business very with first off Note for impact important production second We Why? no the were half. business it full the performance, big due year -- second of group, accelerate the as quarter this expecting those lot
in [indiscernible] Nissan have and States well the the we As know, as you the Frontier.
and point the expected We confirm proof full we'll -- year like some from later for have Margin something can the full With year X.X%.with minimum. basis we the of frames Daimler BMW. compensate XX%. wise have XXX performance and in that,
XX such of City expect that X% one the able saw was mainly to BV’s from will side led In BV’s We Ford more were make by basis so year. post Margin PV well-known Ford from we many year, X.X%, years, and was a very impacted of year. but the customer. entire a loss American for operating we outperformance customer an full last recovering margin first by XXX point
is which more we have, XX% the of say We to Margin entire half activity, second as respect is than the flow for XXXX. year's well. full improving good
year like full say margin the the the I the something entire was Ford well affected X%. for Mobility by that States. as for year in production will cut expect will We be
So basis for XX underperformance good very of XX% slight points. results With tough full. or very machine,
double machine think double this We digit margin to and a clearly will we closer we digit are that post year.
close from performance to of [indiscernible] cost of good to most that mobility. €XX Indirect very we That the protecting fact due has our were semiconductors. million. OEM. from So some impact the impacted our was activity impacted
was is this like million have than see with and we activity standards other operating profitable. very margin sacrificed you more slightly negative. why It €XX that aftermarket, of So some loss is fact
In place. is we estimating IT negative fact the in it only to are our cost because system put
or from recovery, year. but will be X% like think year, operating the that the X.X% at for semiconductors full the course of margin something to X% For it progressive we full altogether,
regions, should the region. X.X, to you think Europe recovery at Going XX% flood When most the more. we see with I least far was by see affected
outperforming points points at second respect of year. the to XX half. X.X% XXX respect by up with were at margin with basis basis So least we a slightly last basis the XXX with XX.X% to points market the
are full further you which only increase XX% a have for X% If expected. X.X%? XX% flow will at think a we XX%, sales by we of is full, that a already We
much mainly as by semiconductors a North very result. this as very flood. good yet X.X% impacted America by So is well and
plus say So and of you reflecting of composition which the this slide, we basis in full States. unfortunately total year if recovery downtimes to I the have mention or lack that with operating some there X.X% is of points. with a underperformance XX%. of XXX we of short were million downtimes very €XXX is of it's that have we lot to prefer flow respect X.X% have With last margin why
for expect full in a Europe, we X% Now the North in margin margin America. year X%
Asia, mainly performing in is best zone China. by the far
see was local basis point, Patrick BVs the outperformance you If Chinese mentioning, one China, as mainly BVs, American. well BVs, and and in XXX as
is clearly, that our gaining is sign a is partner which outperformance are of dynamism fact we this significant So share. the
digit margin XX% up HX than compared double XXXX. recover that to For to more close we points when able were XX basis to
So are very very which strong performance, China results, increasing. good the that all says
of their We rest world because terms have merged clearly rate of decreasing. is rupee the in
have speaking altogether XX%. We at
they stronger the than margin, it at think is of our X% €XX is X%, the see point, which showing currencies a basis and managing €XXX is apart very we margin million improving, make in course gross of see Brazil more is more far above and but is XXX that performance. performance to is You context driving have how only form important, is the better This we we because and X% important tradition, what not is than putting as improvement. good we are are but figures important, are a say are [indiscernible] slide this million Brazil we but what and best more in in you
performance. First, improvement of we're our execution we of our are we costs, All margin protecting have we and margin very say on are whole variable that the good, cost. and would I seeing and achievement digitalization best labor with gross protecting a
first and the Second, portfolio XXXX low. were very half figures the cost we R&D [ph] are using things that
of Now, achievement. leverage we course this
but flattish the has have look course base and which management reflecting, in low a the at mainly that fixed R&D poorly have important capitalized And Poland, cost performance in So is have. more mid to of of cost also very of and that India. notice India, base a we evolved, is and activity this 'XX Mexico, I think the is restructuring figure, we in expenses good please
of figure by So, understand comment, notice by in of but is to we million is what restructuring, to Net have and mainly our income important not sales. basis improved Ford we continue million why I altogether US income, have to points limited operating €XX more first make will €XXX work. XXX you plants and
a we the So million. we keep of €XXX as say, for moment as guidance
side one the income million. €XX is operations, it discontinued Second point, eco operating is On negative. from net margin
renew the think, and other advance. second loss as in percentage asset income stronger we was other working expected figure for tax side, half. I not, is said showing is points, this we the sale will say a clearly On cash we a capital point, Net flow, XX%, this of it Where the good have the it the on of I in we the management and very were we're we say in side. clearly performance as
I on world Of at course the inside from that recovery I XX% coming we're plant. medium will say will is now level a is it XX.X%. expecting remind CBD the you
€XXX and CapEx CapEx probably million, below €XXX that for have will they keep the We fact full a as content around be year million.
to amortized sold than is the customers. you expecting. figure we contained restructuring fact, I were has cash We have out activation show would course, be which of And which the little have of as we respect be a less will a exceptional as this R&D well to
are capital sorry we and good our is a very on sorry, say to So very that. today working easy,
sales the below second The last were XXXX. quarter
it's So moved now up.
be this of with any a Deleveraging without the a and priority. for improve €XXX we is our full to whole much is So month, of year. problem our guidance course guidance million can
We you dividends. a of good are with X.X, course and way now have we this that map on ratio of see
subscribe. [indiscernible] the employees of our will now have We July XXth
million be in are second €XX the The So acquisition mainly how inflow famous sales. booked company China in in a for net hydrogen half. investments as transaction will mainly
tab, around called can €X X.X. were ratio tab net a on of a year, will allowed of financing, We I at but clearly end debt [ph] say maximum is issued clean the billion that of we So be a the you bond. altogether to which made guidance the today, we've more which X.X is give important directed we
this we subscriber. think first in in lot sector and of bond, had we I issued the we success were
to facility as we have and syndicated well our extended years €X.X XXXX for renewed We have five it credit conditions better at with million.
debts of below net cost Our X%. are
We have repayment before XXXX. major no
shouldn’t As you but we code have much have for said know too we want €X that. flexibility, lack we that I if reduce liquidity. billion to lack added maturity, we we that, have too much liquidity we
very have say, will I say robust sound, So will we I structure. capital
Patrick to of presentation. back hand will I for conclusion some Now his
