July 18, 2024

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Valeo preliminary H2 EBITDA margin 13.5{0764260a27b4b31ca71a8adf79c3ae299a61e6f062052eee3f0df84ce9b30ade} of sales | Automotive Industry News

Valeo has unveiled second-50 percent 2020 preliminary money data, with EBITDA margin representing more than 13.five{0764260a27b4b31ca71a8adf79c3ae299a61e6f062052eee3f0df84ce9b30ade} of gross sales.

The supplier saw report cost-free dollars circulation generation of more than EUR1.3bn (US$1.6bn) in the next 50 percent, resulting in more than EUR275m for whole-12 months, 2020.

Valeo recorded like-for-like growth in primary devices gross sales of five.three{0764260a27b4b31ca71a8adf79c3ae299a61e6f062052eee3f0df84ce9b30ade} in the fourth quarter to EUR4.2bn, for whole gross sales of EUR5bn.

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

“They can be very pleased of their get the job done, each in phrases of guarding the overall health of all of our colleagues and of the outcomes they have reached. Acquiring minimized our debt to down below EUR3bn just one 12 months in advance of our goal, we now have the strong money composition we have to have to tackle with confidence the challenges that lie in advance in 2021.” 

Valeo’s last audited 2020 outcomes and 2021 outlook will be posted, as scheduled, following the board of directors’ conference on February eighteen.

Clearly show the press launch

https://www.valeo.com/en/next-50 percent-2020-preliminary-money-data-ebitda-margin-representing-more-than-13-five-of-gross sales-report-cost-free-dollars-circulation-generation-of-more-than-1-three-billion-euros-in-the-next/

First resource: https://www.valeo.com/en/next-50 percent-2020-preliminary-money-data-ebitda-margin-representing-more-than-13-five-of-gross sales-report-cost-free-dollars-circulation-generation-of-more-than-1-three-billion-euros-in-the-next/