Brief: Valeo Q1 Sales EUR 5.31 Billion
29/04/2025 17:00
April 29 (Reuters) - Valeo SE VLOF.PA: Q1 SALES EUR 5.31 BILLION (COMPANY-PROVIDED CONSENSUS: EUR 5.31 BILLION) OUTLOOK 2025: CONFIRMED CONFIDENT IT WILL COMPLETE RESTRUCTURING AND SAVINGS PROGRAM IN FRANCE AHEAD OF SCHEDULE, BEFORE END-H1 SAVINGS PROGRAM EXPECTED TO GENERATE TOTAL SAVINGS OF EUR 150 MILLION IN 2025; ANNUAL SAVINGS OF EUR 300 MILLION FROM 2026 OVER H1, PLANS TO REDUCE ITS ADMINISTRATIVE AND SELLING COSTS BY AROUND 5% OVER H1, PLANS TO REDUCE INVESTMENTS IN PROPERTY, PLAN, EQUIPMENT, INTANGIBLE ASSETS BY AROUND 15% TARIFFS COMPENSATION: TO DATE, AGREEMENTS COVERING OVER 75% OF AMOUNTS CONCERNED ALREADY SECURED HAS BEEN MOVING PRODUCTION OF SOME PARTS FROM CHINA TO MEXICO OR US TO INCREASE NUMBER OF USMCA COMPLIANT COMPONENTS Source text: ID:nGNE5yXf6m Further company coverage: VLOF.PA (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))