Valeo’s H1 revenue increased by 16% to €9.46bn, while we had expected €9.42bn. The growth rate moderated from 22% in Q1 to 12% in Q2. EBIT was up by 17% to €754m (our projection was €744m) whereas net earnings of €506m (+20%) fell clearly short of our expected €569m.
21 Jul 2017
Good H1 numbers, but not better than expected
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Good H1 numbers, but not better than expected
Valeo’s H1 revenue increased by 16% to €9.46bn, while we had expected €9.42bn. The growth rate moderated from 22% in Q1 to 12% in Q2. EBIT was up by 17% to €754m (our projection was €744m) whereas net earnings of €506m (+20%) fell clearly short of our expected €569m.