Report
Michael Foundoukidis

Valeo : Des doutes pas encore levés malgré une solide surperformance au T1

>CA T1 solide mais les perspectives restent très floues - Valeo a publié, hier soir, un CA T1-20 en baisse de 8% mais toutefois marqué par une nette surperformance (+16 pts), aidé par sa sous-pondération chinoise mais confirmant également l’accélération de la dynamique de croissance entamée l’an dernier. L’attention s’est toutefois focalisée sur les perspectives, avec un T2 très difficile en vue, une visibilité limitée au-delà et une situation financière moins solide ...
Underlying
Valeo SE

Valeo is an automotive supplier, partner to automakers worldwide. As an industrial and technology company, Co. focuses on designing, manufacturing and selling components, integrated systems and modules for automobiles and heavy goods vehicles, both on the original equipment and the aftermarket segments. In addition, Co. offers innovative products and systems that contribute to the reduction of CO2 emissions and to the development of intuitive driving to its customers. Co. operates through four business groups: Comfort and Driving Assistance Systems, Powertrain Systems, Thermal Systems, and Visibility Systems.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Michael Foundoukidis

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