Valeo: Q3 solid; outlook updated for 2018
(CercleFinance.com) - After trading on Thursday Valeo reported Q3 2018 turnover of 4.
5 billion euros, up 5% at constant exchange rates (-1% at constant consolidation scope and exchange rates) compared to the same period in 2017.
The "Original Equipment" business alone generated slightly more than 3.9 billion euros in sales, up 4% at constant exchange rates but down 1% at constant consolidation scope and exchange rates (i.e. an outperformance of 2 points compared to automobile production overall, the group said).
Over 9 months, Valeo's sales amounted to nearly 14.43 billion euros, up 8% and up 2% at a constant consolidation scope and exchange rate over the same period last year.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
5 billion euros, up 5% at constant exchange rates (-1% at constant consolidation scope and exchange rates) compared to the same period in 2017.
The "Original Equipment" business alone generated slightly more than 3.9 billion euros in sales, up 4% at constant exchange rates but down 1% at constant consolidation scope and exchange rates (i.e. an outperformance of 2 points compared to automobile production overall, the group said).
Over 9 months, Valeo's sales amounted to nearly 14.43 billion euros, up 8% and up 2% at a constant consolidation scope and exchange rate over the same period last year.
Copyright (c) 2018 CercleFinance.com. All rights reserved.