Valeo unveils lower-than-expected 2028 guidance, shares fall

Valeo SE

20/11/2025 08:27

** Shares in French car parts supplier Valeo VLOF.PA are down 4% after it provided a mid-term guidance below expectations

** "The targets are below what we expected, particularly when we look to growth expectations, with 2026 sales to be flat yoy," Jefferies analysts say in a note

     ** The 2026 sale guidance is realistic but lags peers' growth targets, it says

** The company sees annual operating margin to land between 6% and 7% and sales to be between 22 billion and 24 billion euros ($25.4 billion and $27.7 billion) in 2028, with a return to growth anticipated from 2027

** Shares in Valeo are on track for its worst day since July 25, if losses hold

($1 = 0.8680 euros)

 (Reporting by Mathias de Rozario in Gdansk)

 ((mathias.derozario@thomsonreuters.com))