Report
Anthony Dick ...
  • Michael Foundoukidis

Valeo : Une publication rassurante à court terme, mais pas beaucoup plus

>Du bon et du moins bon au S1, l’essentiel est sauf - Valeo a publié, hier soir, des résultats S1 2021 en ligne sur le CA, supérieurs aux attentes sur l’EBITDA (+6%) mais nettement inférieurs sur le résultat net (-20%, pertes des JV plus importantes, taux d’imposition, minoritaires) et en ligne sur le FCF. Nous retiendrons toutefois que l’équipementier a maintenu ses objectifs annuels dans un contexte finalement plus difficile (production, matières, semiconducteurs)....
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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