The automotive supplier has achieved its 2021 revenue and margin targets. This is a little below the free cash flow forecast.
Valeo announces sales of 13.4 billion euros in preliminary data for 2021, for an EBITDA margin of 13.4% | Photo credits: © Valeo SA
Valeo is announcing this Wednesday evening preliminary data for its 2021 financial year. Sales amounted to 17.3 billion euros (October 2021 forecast: sales between 16.9 billion euros and €17.2 billion), up 5% compared to 2020 (up 6% at constant scope and exchange rates).
The gross operating surplus margin (Ebitda) stands at 13.4% of its turnover (October 2021 forecast: margin between 13% and 13.4%).
Free cash flow is, however, a little lower than forecast, at 290 million euros, against a target range of 330 to 550 million.
More information to follow.