Valeo: unveils targets for 2020/2022
(CercleFinance.com) - At its CMD on Tuesday 10 December, Valeo's management will present its targets for the next few years.
Over 2020/2022, the group aims for organic sales growth that exceeds global automotive production by about 5 points.
Valeo should benefit from its organic growth and the optimisation of its research and development costs and capex through the operation of its technology platforms. Valeo hence intends to improve its profitability and increase its EBITDA margin to over 15% of its sales in 2022, compared with an EBITDA margin of 12.6% in 2018..
It will also present the new targets of its joint venture Valeo Siemens eAutomotive (VSeA) in the field of "High Voltage" electrification. The group targets sales of 1.4 billion euros in 2022, over 2 billion euros in 2024, along with an EBITDA margin of 8% in 2022, more than 12% in 2024 and break-even in terms of free cash flow in 2022.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
Over 2020/2022, the group aims for organic sales growth that exceeds global automotive production by about 5 points.
Valeo should benefit from its organic growth and the optimisation of its research and development costs and capex through the operation of its technology platforms. Valeo hence intends to improve its profitability and increase its EBITDA margin to over 15% of its sales in 2022, compared with an EBITDA margin of 12.6% in 2018..
It will also present the new targets of its joint venture Valeo Siemens eAutomotive (VSeA) in the field of "High Voltage" electrification. The group targets sales of 1.4 billion euros in 2022, over 2 billion euros in 2024, along with an EBITDA margin of 8% in 2022, more than 12% in 2024 and break-even in terms of free cash flow in 2022.
Copyright (c) 2019 CercleFinance.com. All rights reserved.