Brief: Valeo Raises 2025 FCF Guidance, Announces 2028 Outlook
20/11/2025 06:59
Nov 20 (Reuters) - Valeo SE VLOF.PA: VALEO UNVEILS ELEVATE 2028 EXPECTS IN 2028 SALES BETWEEN EUR 22-24 BLN, OPERATING MARGIN OF 6-7%, FCF AFTER INTEREST OF AT LEAST EUR 500 MLN GROSS MARGIN TO REMAIN ABOVE 19% REVISES 2025 FREE CASH FLOW GUIDANCE UPWARDS TO > EUR 550 MLN 2025 GUIDANCE FOR SALES, ADJUSTED EBITDA, OPERATING MARGIN CONFIRMED AS SOON AS FOR YEAR 2025, GROSS RESEARCH AND DEVELOPMENT IS EXPECTED TO BE EUR 200M LOWER THAN YEAR BEFORE 2028 LEVERAGE RATIO SEEN LOWER THAN 1.0X ADJUSTED EBITDA 2026 EXPECTED TO BE BROADLY FLAT IN TERMS OF GROWTH IN OVERALL SALES ANTICIPATES A RETURN TO SALES GROWTH FROM 2027 ONWARDS ON CHINA: RETURN TO GROWTH EXPECTED IN H2 2026 ON INDIA: EXPECTS ITS SALES TO TRIPLE FROM EUR 220 MLN IN 2024 TO APPROXIMATELY EUR 700 MLN IN 2028 ON NORTH AMERICA: EXPECTS TO SEE FASTER SALES GROWTH IN NORTH AMERICA THAN THE AVERAGE ACROSS THE GROUP Source text: ID:nGNE3y0T8S Further company coverage: VLOF.PA (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))