PARIS (Reuters) -- French supplier Faurecia said its first-quarter sales rose 14 percent, helped by currency tailwinds and a recovery in European vehicle demand.
The company also raised its European vehicle production forecast while cutting its South American outlook and reaffirming overall goals for 2015.
Sales rose to 5.14 billion euros ($5.44 billion) in January-March from 4.52 billion a year earlier, Faurecia said in a statement Wednesday.
"Momentum is accelerating" in the European auto industry, the company said, with sales to clients including Renault and Ford leading gains.
The weaker euro, which increases the value of overseas earnings, also boosted revenue by 284 million euros, it said.
Europe's light vehicle output is now expected to grow 3 percent to 5 percent this year, Faurecia said, upgrading its previous forecast of 2 percent to 4 percent.
But South American vehicle output is seen shrinking a further 7 percent after a 16 percent contraction last year, the company warned.