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Valeo: confirms targets for 2024 and 2025
(CercleFinance.com) - Sales totaled E5,427m in Q1 2024, up 2% LFL.
OE sales rose 1% LFL, supported by all the group's businesses, excluding high voltage electrical. Sales in the replacement market were up 1% LFL. Sales are expected between E22.5bn and E23.5bn in 2024, and between E24.5bn and E25.5bn in 2025 (E22bn in 2023). The group is confident in the growth of its OE sales in all production regions, particularly in Europe, it says. Valeo is targeting an EBITDA margin of between 12.1% and 13.1% in 2024 and between 13.5% and 14.5% in 2025. Valeo aims to increase its operating income and cash generation by over 60% between 2023 and 2025. Copyright (c) 2024 CercleFinance.com. All rights reserved. |
03/05/2024 17:36
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