Valeo : Q3 not that solid in the end, H2 guidance increased as expected
>Q3 4% below expectations but H2 2020 guidance increased as expected - Yesterday evening Valeo reported Q3 2020 sales down 6% on an organic basis to € 4.4bn, 4% below expectations (€ 4.6bn), and which did not suggest any outperformance in OE vs production that itself was down 5%, penalised by a strong underperformance in North America and Asia excluding China. However, the group said that it is sticking to its target of an outperformance of ~5 points over the full yea...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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