Valeo : Half-yearly results could (at last) provide more clarity
>Sales slightly better despite a more marked underperformance in OE - Valeo's Q1 2021 revenues, reported yesterday evening, just beat expectations at € 4.667bn (+2% vs consensus at € 4.581bn), up 4% in reported terms and 8% organically. In a quarter that was in fact marked by automotive production up 13% (better than previously expected as seen as its peers recently) but mainly driven by China (+86%, 13% of sales vs close to 30% of production in Q1), Valeo nonetheles...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.
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.
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