(CercleFinance.com) – Turnover was 5,427 million euros in the 1st quarter of 2024, up 2% at constant scope and exchange rates.
Original equipment sales increased by 1% at constant scope and exchange rates, supported by all of the Group’s activities excluding the high voltage electrical activity. Revenue in the replacement market increased by 1% at constant scope and exchange rates.
‘The turnover is expected between 22.5 and 23.5 billion euros in 2024 and between 24.5 and 25.5 billion euros in 2025 (22.0 billion euros in 2023). The Group is confident about the growth of its original equipment sales in all production regions, particularly in Europe,’ indicates management.
The group is targeting EBITDA (as a % of turnover) between 12.1% and 13.1% in 2024 and between 13.5% and 14.5% in 2025.
‘Valeo has set itself the objective of increasing its operating profit and cash generation by more than 60% between 2023 and 2025.’
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