Valeo : Pas plus convaincus aujourd’hui qu’hier…
>Des perspectives globalement guère enthousiasmantes - Alors que Valeo avait déjà publié des résultats préliminaires courant janvier (marge EBITDA S2 2020 > 13.5%, FCF à 1.3 Md€ et dette nette < 3 Md€), le focus d’hier était surtout sur les perspectives 2021. Sur la base d’un scénario de production prudent à +10%, seul l’objectif de FCF est ressorti supérieur aux attentes, confirmant la bonne tendance du S2. A l’inverse, l’absence d’objectif officiel de surperformanc...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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