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Driven by its technological and industrial leadership in all of its businesses, Valeo reported 22 billion euros in sales in 2023.

Valeo maintains close dialog with its financial community, with the aim of providing clear, thorough and transparent information in real time on its strategy, earnings and short- and medium-term financial and non-financial objectives.

Stock market price

VALEO €8.132 (-3.6493%)

Q3 2024 Sales

Sales of

€5.0 bn

down 2% on a like-for-like basis

2023 Key figures

For 2023, Valeo met its objectives, for example delivering operating margin of 3.8%.

Sales (in billion of euros)
22
Up 11% like for like on an adjusted basis, representing a 3 percentage point outperformance in original equipment sales.
Operating margin (as a % of sales)
3.8%
In line with 2023 guidance (between 3.2% and 4.0% of sales).
EBITDA (as a % of sales)
12.0%
Came in at 2,647 million euros, or 12.0% of sales, up 60 basis points on an adjusted prior-year basis and in line with 2023 guidance (EBITDA margin of between 11.5% and 12.3% of sales).
Free cash flow (in millions of euros)
379
This chiefly results from the contribution of EBITDA in an amount of 2,647 million euros, the 278 million-euro positive change in operating working capital, strictly controlled investments in property, plant and equipment, which amounted to 964 million euros, 1,037 million euros in investments in intangible assets and tax payments for 225 million euros.

2024 and 2025 outlook

Objectives to increase operating margin (in millions of euros) and cash generation by more than 60% between 2023 and 2025

	Sales (in billion of euros)	EBITDA (as a % of sales)	Operating margin(as a % of sales)	Free cash flow (before one-time exceptional cost reduction measures)	Free cash flow (after one-time exceptional cost reduction measures)
2024	22.5 to 23.5	12.1% to 13.1%	4% to 5%	500	350
2025	24.5 to 25.5	13.5% to 14.5%	5.5% to 6.5%	800	650

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