Valeo : Q3 release and management confidence likely to reassure
>Q3 sales in line and FY guidance fully confirmed despite weaker environment - Valeo has reported Q3 sales of € 5,224m, in line with expectations of € 5,244m and up 4% on an organic basis, i.e. in line with Q3 light vehicle production (LVP) growth. The absence of outperformance is attributable notably to the current weakness in momentum for BEVs, especially in Europe that weighted on the powertrain unit. Even so, and despite the cautious messages heard from some compe...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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