Valeo: renewed concerns about growth

(CercleFinance.com) - Falling almost 6% on the Paris Stock Exchange today, the Valeo share is the sharpest faller in the CAC 40.


At issue: there are still doubts about the group's pace of growth, especially on the major Chinese market.

As the sharpest faller in the CAC 40 since the beginning of 2018, over this time the Valeo share has lost almost half of its value.

It should be said that the group's growth, which has been very strong over recent years, has been struggling since 2017, which is increasingly worrying the market.

In addition, these fears are likely to remain after comments made by the group's Chairman and CEO, Jacques Aschenbroich, alongside the Mondial de l'Auto car show that has just opened its doors to the public in Paris. Invest Securities reports that the group has said that the months of July, August and September were marked - in the Chinese market - by a slowdown (not yet quantified), explaining that "the Chinese market is suffer from economic conditions, and that it will remain difficult over the next few months.



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