Valeo : Unhelpful communication
>Q3 sales in line, FY guidance cut and still surprising communication - While Valeo’s Q3 sales came out in line with expectations, aided by the aftermarket, we have mixed feelings to say the least about the full-year guidance announced by the group, especially in today’s very difficult conditions for the whole supplier’s space. Indeed, presented as an upward revision to guidance, this looks likely to trigger fresh cuts to consensus expectations, which were already low...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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