Valeo : Reassuring short term, worrisome medium term, and lingering doubts…
>And Valeo confirmed its guidance… - With H1 2019 results that at first glance look encouraging, and even very solid in terms of FCF, Valeo successfully demonstrated that its core business had hit a trough in H2 2018 and that the recovery, while still modest, was under way. Moreover, whereas we were expecting full-year guidance to be downgraded given the less favourable economic climate, the group surprised by sticking to its full-year targets (or almost… as reflected...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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