Valeo : Progress confirmed in H2 2023 but probably less than hoped-for in 2024
>Estimates revised downwards and still below expectations (2024) - Ahead of the full-year earnings release on 29 February, we have revised down our estimates (-8% in average on 2023/24 EPS) notably to factor in stronger forex headwinds (Q4 2023, 2024) and a more cautious light vehicle production scenario. Whilst we are broadly in line with consensus and guidance for 2023 (towards the low end of the outlook range), we nonetheless remain more cautious on 2024 (-3% at th...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.