Valeo falls after forecast cut, lower Q3 sales
23/10/2026 08:28
BUZZ-Valeo falls after forecast cut, lower Q3 sales ** Shares in French car parts supplier Valeo VLOF.PA fell 12.4%, after it implicitly narrowed down forecasts, posted lower yoy sales
** "The group has implicitly revised down its forecasts for margins and FCF," TP ICAP Midcap analysts flagged
** It now targets H2 figures to be equivalent to H1, compared with "at least equivalent" previously
** Q3 sales fell 2.6% like-for-like to €4.88 billion ($5.47 billion), compared with €4.93 billion in a company consensus
** Shares are on track for their worst day since November 2025, if losses hold
($1 = 0.8925 euros)
(Reporting by Mathias de Rozario in Gdansk)