Valeo : No more convincing today than yesterday...
>Outlook broadly uninspiring - Given that Valeo already published preliminary results (H2 2020 EBITDA margin > 13.5%, FCF at € 1.3bn and net debt < € 3bn), attention yesterday was above all focused on the outlook for 2021. Based on a cautious production scenario at +10%, only the FCF target came in above expectations, confirming the positive trend in H2. Conversely, the lack of an official target for outperformance is a surprise (especially after a mixed Q4) and the ...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.