Valeo: loses over a billion euros in 2020
(CercleFinance.com) - Valeo's consolidated sales came in at 16,436 million euros in 2020, down 14% LFL.
OE sales reached 13,810 million euros, down 14% LFL.
Valeo returned to a normal level of order intake in the second half of the year, when orders reached 13.3 billion euros (versus 10.9 billion euros in the same period in 2019), i.e. 1.7 times its its original equipment sales over the same period.
At the bottom line the group made a loss of 1,089 million euros (-6.6% of revenue).
For 2021, Valeo targets sales of 17.6 to 18.2 billion euros, EBITDA of 2,250 to 2,450 million euros and free cash flow of 330 to 550 million euros.
Copyright (c) 2021 CercleFinance.com. All rights reserved.
OE sales reached 13,810 million euros, down 14% LFL.
Valeo returned to a normal level of order intake in the second half of the year, when orders reached 13.3 billion euros (versus 10.9 billion euros in the same period in 2019), i.e. 1.7 times its its original equipment sales over the same period.
At the bottom line the group made a loss of 1,089 million euros (-6.6% of revenue).
For 2021, Valeo targets sales of 17.6 to 18.2 billion euros, EBITDA of 2,250 to 2,450 million euros and free cash flow of 330 to 550 million euros.
Copyright (c) 2021 CercleFinance.com. All rights reserved.