Valeo: reduces FY 2021 sales target

(CercleFinance.com) - Q3 consolidated sales reached 3,964 million euros, down 10% y-o-y.


At end-September, sales amounted to 12,958 million euros, up 15% LFL compared to 2020, benefiting from a favourable comparison basis.

Valeo has cut its revenue forecast range for FY 2021 to 16.9 - 17.2 billion euros (against a previous guidance of 17.6 - 18.2 billion euros) and announces a tightening up of the 2021 EBITDA margin target range from 13.0% to 13.4%.

The group confirms its target of generating free cash flow between 330 and 550 million euros.



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