Valeo: Q3 sales -1% at E5,224m
(CercleFinance.com) - Q3 sales totalled E5,224m, down 1% y-o-y.
LFL sales growth reached 4%.
OE sales were up 4% LFL, driven by growth in all 4 Business Groups: Comfort and Driving Assistance Systems (ADAS: +11%) up 8%, Visibility Systems up 4%, Thermal Systems up 4% and Powertrain Systems up 2%.
Sales in the replacement market were up by 3% LFL, benefiting from the growth and ageing of the vehicle fleet, the increased attractiveness of value-added products (e.g. transmission kits) and the impact of price increases.
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LFL sales growth reached 4%.
OE sales were up 4% LFL, driven by growth in all 4 Business Groups: Comfort and Driving Assistance Systems (ADAS: +11%) up 8%, Visibility Systems up 4%, Thermal Systems up 4% and Powertrain Systems up 2%.
Sales in the replacement market were up by 3% LFL, benefiting from the growth and ageing of the vehicle fleet, the increased attractiveness of value-added products (e.g. transmission kits) and the impact of price increases.
Copyright (c) 2023 CercleFinance.com. All rights reserved.