Valeo: results in line with estimates

(CercleFinance.com) - Published on Thursday evening, Valeo's 2018 results in particular included a 38% fall in the group's net income, group share from 886 million to 546 million euros.


In H2, On the second half of the year, income collapsed 75% to 93 million euros.

Meanwhile, the automotive equipment manufacturer's EBITDA was almost stable, at slightly above 2.4 billion euros (-1%), including 1.07 billion in H2 (-12%). The group's operating margin (excluding the share of equity affiliates), amounted to 6.3%, vs. 7.8% a year earlier.

However, sales increased 4%, from 18.5 billion to 19.3 billion euros.

Valeo's accounts are therefore in line with forecasts provided last autumn.

Finally, the group said that it is maintaining its dividend at the same level as in 2018, i.e. 1.25 euro per share.



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