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

Q1 2023 Valeo SE Corporate Sales Call Transcript

Apr 25, 2023 / NTS GMT

Release Date Price: €18.03 (-2.54%)

Transcript

Operator

Good day, everyone, and welcome to the Valeo First Quarter Sales Conference Call. Today's call is being recorded. And now I'd like to turn the call over to Mr. Christophe Perillat, CEO of Valeo. Sir, please go ahead.

Christophe Perillat;Piratoine

Valeo SE - CEO & Director

Well, thank you very much, and good evening to all. Well, thank you for joining the call for Q1 2023 sales. My presentation will be short, less than 10 minutes, followed by a Q&A session for another 30 minutes. And together with Valeo CFO, Robert Charvier, who is joining me in answering your questions.

Please, on your slide deck, go to Slide 2. And let me start with 4 important elements that I would like to highlight today. Point number one, Valeo had a solid start in 2023 with our sales up 15% to close to EUR 5.5 billion. This solid starts, and this is my point number 2, reflects, as we announced a continued acceleration of valuing electrification and in ADAS. Three, we continue to see good momentum in these 2 domains. And in particular, since the beginning of

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