April 23, 2020 / 4:37 PM / a month ago

BRIEF-Valeo Withdraws 2020 Financial Objectives

April 23 (Reuters) - VALEO SA:

* HAS 2.3 BILLION EUROS OF NOT USED CREDIT LINES

* FINANCIAL OBJECTIVES INVALIDATED DUE TO THE DROP IN ACTIVITY AND THE LACK OF VISIBILITY REGARDING THE END OF THE CRISIS

* GRADUAL RECOVERY OF VALEO’S TURNOVER IN CHINA WHICH SHOULD RETURN TO 2019 LEVELS IN THE 2ND QUARTER

* Q1 CONSOLIDATED SALES EUR 4.49 BILLION VERSUS EUR 4.84 BILLION YEAR AGO

* DRASTIC REDUCTION OF COSTS AND INVESTMENTS IN A CONTEXT OF SIGNIFICANT MARKET DOWNTURN LINKED TO THE COVID-19 CRISIS Source text for Eikon: Further company coverage: (Gdansk Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below