Valeo: reiterates targets for 2019

(CercleFinance.com) - Valeo's consolidated sales came in at 4,772 million euros in the third quarter, up 8% (as reported) and up 6% LFL.


OE sales amounted to 4,046 million euros, up 7% (as reported) and up 5% LFL.

Over the first nine months, consolidated sales amounted to 14,548 million euros, while OE sales (12,266 million euros) decreased by 1% LFL, which is 5 points better than the market for car production.

Valeo reiterates its 2019 targets, excluding the one-off impact of the strike at General Motors. The group aims for EBITDA growth in terms of value, with an operating margin excluding equity affiliates (as a % of sales) of between 5.8% and 6.5%.


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