Valeo - FY 2025 Results PARISFebruary 26, 2026 Commitments met in 2025 Further improvement in profitability Record cash flow from operations Solid order intake Sales of 20.9 billion euros, up 0.5% on a like-for-like basis Solid commercial momentum, with order intake up 38% over the year to 24.6 billion euros (up 47% in the second half). Secured its first Battery Energy Storage System (BESS) contract worth 225 million dollarsFurther improvement in operating margin to 977 million euros, representing 4.7% of sales, in line with the target range, i.e. an increase of 0.4 points compared...
Valeo - Résultats annuels 2025 PARISLe 26 février 2026 Engagements tenus en 2025 Nouvelle amélioration de la profitabilité Génération record de cash issu des opérations Bon niveau des prises de commandes Chiffre d’affaires de 20,9 milliards d’euros, en hausse de 0,5 % à périmètre et taux de change constants Bonne dynamique commerciale avec des prises de commandes à 24,6 milliards d’euros en hausse de 38% sur l’année (+47% au second semestre). Signature d’un premier contrat en système de stockage d’énergie par batterie (BESS) pour 225 millions de dollarsNouvelle amélioration de la ma...
4Q'25 vs. 4Q'24 Results Sales: € 948.0 M (+0.1% vs. -1.8% BS(e) and -0.2% consensus); EBITDA: € 182.6 M (+8.2% vs. +5.0% BS(e) and +5.5% consensus); Net Profit: € 69.5 M (+3.4% vs. +15.8% BS(e) and +11.3% consensus); FY2025 vs. FY2024 Results Sales: € 3.922 Bn (-1.0% vs. -1.4% BS(e) and -1.0% consensus); EBITDA: € 746.6 M (+2.6% vs. +1.8% BS(e) and +1.9% consensus); Net Profit: € 335.7 M (+3.0% vs. +5.5% BS(e) and +4.6% consensus);
Rdos. 4T'25 vs 4T'24: Ventas: 948,0 M euros (+0,1% vs -1,8% BS(e) y -0,2% consenso); EBITDA: 182,6 M euros (+8,2% vs +5,0% BS(e) y +5,5% consenso); BDI: 69,5 M euros (+3,4% vs +15,8% BS(e) y +11,3% consenso). Rdos. 2025 vs 2024: Ventas: 3.922 M euros (-1,0% vs -1,4% BS(e) y -1,0% consenso); EBITDA: 746,6 M euros (+2,6% vs +1,8% BS(e) y +1,9% consenso); BDI: 335,7 M euros (+3,0% vs +5,5% BS(e) y +4,6% consenso).
In today's Morning Views publication we comment on developments of the following high yield issuers: Nemak, Aston Martin, International Personal Finance, Assemblin Caverion, Nimlas, Vallourec, TDC NET, Eutelsat, Telecom Italia, Techem, Elior, Ineos Quattro, Odfjell Drilling, Centrient, Encore Capital (formerly Cabot), OPmobility, Grupo Antolin
Forvia (formerly Faurecia) reported its FY 2025 numbers, held a conference call and hosted a Capital Markets Day yesterday. The results were decent, with EBITDA improving c. 5% y-o-y despite 3% lower revenues. The sales decline was mainly driven by FX headwinds, while organic sales were down 0.1%. Cash-flow performance improved thanks to better earnings and reduced capex, while reported net leverage dropped to 1.7x. We anticipate a decent FY 2025 performance, with profitability supported by...
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