Accueil > Actualité
Actualite financiere : Actualite bourse

Valeo: positive outlook despite 6% drop in sales

( - Valeo has reported Q3 consolidated sales of 4.
4 billion euros, down 6% LFL.

In Q3, the group's world automotive production sales saw a significant rebound compared to H1. Y-o-y automobile production fell by 5% in the third quarter, compared to -35% in the first half.

Despite the upheaval in automotive due to the Covid-19 health crisis, Valeo retains a balanced distribution of its business between the main regions of automotive production and car makers.

In 2020, the Group confirmed that it aims to outperform automotive production by about 5 points and raised its financial forecasts for the second half of the year, with an EBITDA margin of over 12% (vs. "about 10%") and free cash flow of over 600 million euros (vs. "over 400 million euros").

Copyright (c) 2020 All rights reserved.




Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.