Mexican Media Brands
Valeo Hikes 5-Year Outlook
Paris-based Valeo SA predicts its sales will rise 64% to €27 billion ($28.6 billion) by 2021 from last year’s €16.5 billion.
#economics
Share
Paris-based Valeo SA predicts its sales will rise 64% to €27 billion ($28.6 billion) by 2021 from last year’s €16.5 billion.
The company says growth will be driven by demand for its LED lighting systems, components for electrified powertrains and products for connected and autonomous vehicles. Asia’s contribution is forecast to rise to 37% in five years from 27% in 2016.
Valeo expects to hike free cash flow to €3.7 billion in 2017-2021 compared with €2 billion in 2012-2016. The company is targeting growth in its operating margin from 8.1% last year to 8.5% in 2019 and 9% in 2021.
RELATED CONTENT
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.