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Anthony Dick ...
  • Michael Foundoukidis

Valeo : Un T3 finalement pas si solide et une guidance relevée comme attendu

>T3 4% inférieur mais guidance S2 2020 relevée comme attendu - Valeo a publié, hier soir, un CA T3 2020 en baisse de 6% en organique à 4.4 Md€, inférieur de 4% aux attentes (4.6 Md€) et ne suggérant pas de surperformance en première monte vs une production elle-même en baisse de 5%, pénalisé par une forte sous-performance en Amérique du Nord et en Asie hors Chine. Toutefois, le groupe a indiqué maintenir son objectif de surperformance de ~5 pts sur l’année (4 pts sur ...
Underlying
Valeo SE

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
Anthony Dick

Michael Foundoukidis

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