Sogefi has reported revenues of €421.1 million, up 2.8 per cent at constant exchange rates in the first quarter of 2018 compared with 2017.
Business in Europe and North America was substantially stable compared to the previous year, but grew significantly in Asia and in South America.
Laurent Hebenstreit, chief executive of Sogefi, said: “In the first quarter of 2018 Sogefi outperformed the market and achieved a higher result and cash generation despite the increase in steel costs.”
Despite the weak performance of the global automotive market in the first quarter of 2018, the group confirms the expectation that it will moderately outperform the market at constant exchange rates and achieve a higher result.
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