Valeo SA (LTS:0RH5)

€ 9.068 -0.091 (-0.99%) Market Cap: 2.21 Bil Enterprise Value: 6.25 Bil PE Ratio: 9.11 PB Ratio: 0.60 GF Score: 61/100

Q3 2020 Valeo SA Corporate Sales Call Transcript

Oct 27, 2020 / 05:30PM GMT

Release Date Price: €27.16 (-2.50%)

Transcript

Operator

Welcome to the Valeo Q3 2020 sales conference call. I now hand it off to Mr. Jacques Aschenbroich, Chairman and CEO of Valeo. Sir, please go ahead.

Jacques Aschenbroich

Valeo SA - Chairman and CEO

Good evening, all of you. Thank you very much to attend our call. I am here with Robert Charvier, our CFO, and Thierry Lacorre of Investor Relations. First of all, I would like to thank Valeo's team for the fantastic job they have been doing all along the Q2 when we had to close 154 plants and restart those plants at the end of May. And in Q3, where we have increased our sales 70% compared to Q2. That has been done in a situation where the health for the quarter have been put in place, have been audited, and we can be sure that it is respected overall. Therefore, we can be sure that our teams are safe working for Valeo.

Our growth has been fueled by 48-volt and ADAS products mainly in Europe and in China. And the fact that we have been extremely tight on our CapEx and inventories we have been able to generate more cash than forecasted. And we will be able to

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