Valeo : A less robust start to the year than peers
>Q1 (only) in line in line with expectations, outperformance still limited - Valeo reported Q1 2023 sales of € 5.482bn, up 15% reported (+8% l-f-l) and in line with expectations (company consensus € 5.462bn, ODDO BHF € 5.500bn). As expected, looking beyond a more robust automotive production environment (growth of +6% according to the group in Q1), the auto supplier, like its peers, benefited from a favourable geomix (production growth mainly in Europe and North Ameri...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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