Valeo: confirms FY 2022 targets

(CercleFinance.com) - Consolidated sales amounted to 4,753 million euros in Q1 2022, flat y-o-y.


Original equipment sales were down 3% LFL, due to lower automotive production.

Valeo said that the business was disrupted by supply difficulties for electronic components, as well as the Russian-Ukrainian crisis and lockdowns in China.

Meanwhile, sales in the replacement market were up 16% LFL.

The company has confirmed its FY 2022 financial targets published on 25 February. Valeo estimates that its sales will reach around 27.5 billion euros in 2025, including around 24 billion euros for original equipment sales.



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