Valeo: FY 2019 net attributable income down 43% at E313m

(CercleFinance.com) - Valeo's consolidated sales came in at 19,244 million euros, up 1% and flat LFL relative to 2018.


Its operating margin reached 5.8%, excluding the impact of the strike at General Motors. This is in line with the guidance published in October 2019.

EBITDA was 2,496 million euros, or 12.8% of sales. Excluding non-recurrent items, this amounted to 2,551 million euros, or 13.2% of sales.

Valeo generated free cash flow of 519 million euros. Finally, net income, group share fell by 43% to 313 million euros.

The group expects a further increase in EBITDA in 2020, along with an improvement in its operating margin excluding the contribution from equity affiliates (as a % of revenue), coupled with significant free cash flow.

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