Report
Michael Foundoukidis

Valeo : Still some doubts despite a solid outperformance in Q1

>Solid Q1 sales but still a hazy outlook - Valeo reported its Q1 2020 sales figures yesterday evening, down -8%, although it outperformed sharply nonetheless (+16pts) thanks to its underexposure to China while also confirming that the growth momentum initiated last year is picking up. But the focus was on its outlook with a very tricky Q2 in sight, limited visibility beyond Q2, less solid finances than its peers and, unfortunately, very few clear answers so far from m...
Underlying
Valeo S.A.

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Michael Foundoukidis

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