Valeo: despite the lowering of forecasts….

Outperformance. During the 2023 financial year, Valeo’s internal growth represented +11%, which corresponds to an outperformance of 3% compared to global automobile production. As for the operating margin, it showed progress, standing at 3.8% instead of 2.4% in 2022. The equipment manufacturer worked to make its teams more efficient and increased its prices in order to compensate. high inflation. At the end of 2023, net debt returned to 1.5 times EBITDA compared to 1.7 times a year earlier. For the next financial years, boss Christophe Périllat considers that the company has an offer in line with the future of its industry.