Valeo has unveiled second-fifty percent 2020 preliminary monetary information and facts, with EBITDA margin symbolizing additional than 13.five% of product sales.
The supplier saw file free dollars stream generation of additional than EUR1.3bn (US$one.6bn) in the 2nd fifty percent, ensuing in more than EUR275m for whole-year, 2020.
Valeo recorded like-for-like growth in primary devices product sales of five.3% in the fourth quarter to EUR4.2bn, for whole product sales of EUR5bn.
“At a time when the automotive current market has been profoundly impacted by the Covid-19 crisis, I would like to thank the Valeo groups for their dedication and efficiency,” reported Valeo CEO, Jacques Aschenbroich.
“They can be very pleased of their perform, both equally in phrases of preserving the well being of all of our colleagues and of the final results they have obtained. Having minimized our financial debt to under EUR3bn just one year in advance of our aim, we now have the strong monetary construction we need to have to tackle with assurance the difficulties that lie in advance in 2021.”
Valeo’s final audited 2020 final results and 2021 outlook will be revealed, as scheduled, after the board of directors’ conference on February 18.
Demonstrate the press release
https://www.valeo.com/en/2nd-fifty percent-2020-preliminary-monetary-information and facts-ebitda-margin-symbolizing-additional-than-13-five-of-product sales-file-free-dollars-stream-generation-of-additional-than-one-3-billion-euros-in-the-2nd/
Authentic supply: https://www.valeo.com/en/2nd-fifty percent-2020-preliminary-monetary-information and facts-ebitda-margin-symbolizing-additional-than-13-five-of-product sales-file-free-dollars-stream-generation-of-additional-than-one-3-billion-euros-in-the-2nd/
More Stories
2023 Nissan Versa starts at $16,825
5 Things to Do After a Catastrophic Car Crash
Pyramid Car Care Now Available at Ultimate Finish