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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.
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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.
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