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Valeo SE (FR.VI)
- Reuters
Car parts maker Valeo posts lower first-quarter sales on weak EV demand
French car parts maker Valeo posted slightly lower first-quarter sales on Thursday, as weak electric vehicle (EV) high-voltage activity overshadowed its traditional powertrain business. "We're currently experiencing disappointing sales volumes for electric vehicles, particularly in Europe, where we have major programmes," CEO Christophe Perillat said in a media call. To face those uncertainties, Valeo has been careful to no longer have plants only specialized in high voltage, but able to address both hybrids and EVs, Perillat said.
- GlobeNewswire
Valeo Q1 2024 Sales - First-quarter sales of 5.4 billion euros, up 2% like for like
PARISApril 25, 2024 First-quarter sales of 5.4 billion euros, up 2% like for like2024 and 2025 objectives reaffirmed Sales of 5.4 billion euros, up 2% on a like-for-like basis (LFL) Original equipment sales up 1% LFLOutperformance of 2 percentage points versus automotive production, after a slightly unfavorable geographic mix 7 percentage point outperformance for ADAS, 6 percentage point outperformance for the Visibility Systems Business Group, 4 percentage point outperformance for the Thermal S
- GlobeNewswire
Valeo takes a new step towards electric mobility and announces its new Valeo Power division
PRESS RELEASE Paris - 22 April, 2024 Valeo takes a new step towards electric mobility and announces its new Valeo Power division Earlier this year, Valeo announced a project to merge its thermal and powertrain activities into a single entity to better address the electrification market expectations and to further improve Valeo’s competitiveness and financial performance. The Valeo Power division is created on April 22, 2024. Mobility needs power. The acceleration of electrification relies on pow
