PARIS (Reuters) - French auto parts supplier Faurecia
Global revenue advanced to 4.52 billion euros (3.71 billion pounds) in the first three months of the year from 4.37 billion last year, 9:EPEDid on Thursday.
Faurecia, 51.7 percent-owned by carmaker PSA Peugeot Citroen
Product sales rose 9.1 percent to 2.05 billion euros in Europe but tumbled 13.6 percent to 833 million in North America, the company's second-biggest market.
Faurecia, which makes dashboards, door panels and exhausts for customers including Volkswagen
U.S. sales "will continue to be weak before a progressive recovery" in the latter half of the year, 9:EPEDid.
The company also lost a contract to supply seats for BMW's
A weakening of emerging-market currencies against the euro also sapped revenue by 3.1 percent, 9:EPEDid, but that did not prevent Asian sales advancing 18.6 percent on a reported basis to 441 million euros.
The French supplier reiterated its pledge to deliver positive net cash flow in 2014 while increasing sales by 2-4 percent and the operating margin by 0.2-0.5 points on last year's 3 percent of revenue.
(Reporting by Laurence Frost; Editing by Maya Nikolaeva and David Goodman)