Valeo : An encouraging start to the year that will need to be confirmed
>Better than expected earnings, providing more reassurance about the FY targets - Valeo released its interim results yesterday evening. They came out better than expected (+9% on the EBIT line, operating margin at 4.0% vs 3.6%e) despite slightly lower sales (-1% to € 11.0bn, -1% organic), thanks to effective cost control (industrial, materials, etc.) and a dynamic showing from its most profitable division (Brain). In light of this, the group reiterated most of its fin...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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