Report
Michael Foundoukidis

Valeo : Une surperformance solide et bienvenue mais qui ne résout pas encore tout

>La surperformance accélère comme prévu, voire un peu mieux - Valeo a publié, hier soir, un CA T3 de 4 772 M€, 3% supérieur aux attentes (en ligne avec ODDO BHF) et en croissance organique de 5% malgré une production automobile en recul de 3% sur le trimestre. Ainsi, l’accélération de la surperformance promise par le management sur le S2 se confirme (+8 pts au T3 vs +4 pts au S1). Toutefois, si le groupe a annoncé que sa guidance annuelle était maintenue malgré le scé...
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
Michael Foundoukidis

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