French car parts maker Valeo cuts sales guidance amidst Europe's auto woes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 24 2024
0mins
Source: Reuters
Valeo Cuts Sales Guidance: French automotive supplier Valeo has reduced its annual sales forecast for the second time this year, now projecting 2024 sales at 21.3 billion euros due to challenges from the weakening Chinese economy.
Margin and Cash Flow Maintained: Despite the sales guidance cut, Valeo has kept its margin and free cash flow projections unchanged for the year.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
