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Valeo preliminary H2 EBITDA margin 13.5{ed0b873b90f1b87a4f3b347f1646a477c6eee9bccb9dcbe5ac9cb67a3d16495a} of sales | Automotive Industry News

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Valeo has unveiled second-50 {ed0b873b90f1b87a4f3b347f1646a477c6eee9bccb9dcbe5ac9cb67a3d16495a} 2020 preliminary monetary details, with EBITDA margin symbolizing a lot more...

Valeo has unveiled second-50 {ed0b873b90f1b87a4f3b347f1646a477c6eee9bccb9dcbe5ac9cb67a3d16495a} 2020 preliminary monetary details, with EBITDA margin symbolizing a lot more than thirteen.5{ed0b873b90f1b87a4f3b347f1646a477c6eee9bccb9dcbe5ac9cb67a3d16495a} of gross sales.

The provider observed document free money flow technology of a lot more than EUR1.3bn (US$one.6bn) in the next 50 {ed0b873b90f1b87a4f3b347f1646a477c6eee9bccb9dcbe5ac9cb67a3d16495a}, ensuing in more than EUR275m for whole-calendar year, 2020.

Valeo recorded like-for-like growth in primary equipment gross sales of 5.three{ed0b873b90f1b87a4f3b347f1646a477c6eee9bccb9dcbe5ac9cb67a3d16495a} in the fourth quarter to EUR4.2bn, for overall gross sales of EUR5bn.

“At a time when the automotive marketplace has been profoundly impacted by the Covid-19 crisis, I would like to thank the Valeo teams for their dedication and general performance,” mentioned Valeo CEO, Jacques Aschenbroich.

“They can be proud of their function, the two in conditions of protecting the well being of all of our colleagues and of the outcomes they have realized. Possessing lowered our personal debt to under EUR3bn just one calendar year ahead of our goal, we now have the strong monetary framework we require to tackle with confidence the issues that lie ahead in 2021.” 

Valeo’s ultimate audited 2020 outcomes and 2021 outlook will be revealed, as scheduled, right after the board of directors’ meeting on February 18.

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https://www.valeo.com/en/next-50 {ed0b873b90f1b87a4f3b347f1646a477c6eee9bccb9dcbe5ac9cb67a3d16495a}-2020-preliminary-monetary-details-ebitda-margin-symbolizing-a lot more-than-thirteen-5-of-gross sales-document-free-money-flow-technology-of-a lot more-than-one-three-billion-euros-in-the-next/

Unique resource: https://www.valeo.com/en/next-50 {ed0b873b90f1b87a4f3b347f1646a477c6eee9bccb9dcbe5ac9cb67a3d16495a}-2020-preliminary-monetary-details-ebitda-margin-symbolizing-a lot more-than-thirteen-5-of-gross sales-document-free-money-flow-technology-of-a lot more-than-one-three-billion-euros-in-the-next/

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