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Q3 2021 Faurecia SE Corporate Sales Call Transcript
Good day, and thank you for standing by. Welcome to the Faurecia Third Quarter Sales 2021 Sales. (Operator Instructions)
I'd now like to hand the conference over to your speaker today, Michel Favre, Group CFO. Please go ahead.
Thank you. Good morning, ladies and gentlemen. Thank you for attending this conference call. I am with our flagship Investor Relations team, Marc Maillet and Matthieu Fernandez. And of course, I will present our sales figure for the third quarter.
The press release was posted this morning at 7:00 a.m. Paris time on our website. The slideshows that I am now going to comment is also available on our website.
Slide 2 summarizes the highlights of the past quarter, a quarter that continued to be severely impacted by semiconductor shortage and by the consequent stop-and-gos imposed by our customers. In these very challenging positions with worldwide automotive production only at 15.8 million units in the quarter, down 19.2% year-on-year, we
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