Valeo : An encouraging release
>Q1 sales 4% above expectations and 2022 outlook confirmed - Yesterday evening Valeo reported Q1 2022 sales of € 4,753m (stable organically), 4% ahead of expectations thanks to a very strong performance in the aftermarket business with growth of 16%. This made up for a 3% fall in OE sales, reflecting an outperformance that was once again limited (1 point), penalised notably by the geomix (the group nevertheless maintained its estimate of 5 points over the full year). ...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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