Stock price drops sharply

At 9:30, the stock price fell by 12.36% to 11.28 euros, with the broader SBF 120 index declining by 0.62%.

Revenue falls slightly short of expectations

Its revenue decreased by 2.3%, reaching 4.88 billion euros, compared to the 4.89 billion euros anticipated by the consensus cited by Bloomberg, in a context of sluggishness in the European and Chinese automobile markets.

Automotive parts sales show mixed results

Illustrating the current crisis in the automotive industry, the "first fit" revenue, which is based on the sale of parts intended for the production of new vehicles, declined by 3.5% in the third quarter, to 4 billion euros. In contrast, sales of parts intended for replacement to repair used or damaged vehicles increased by 2.6%, to 516 million euros.

Regional performance varies widely

By regions, Valeo saw its sales decline by 8% in Europe, which accounts for 46% of the group's total revenue, and decrease by 7.3% in China (13% of revenue) "in a shrinking and particularly volatile market." However, revenue increased by 5.3% in Asia excluding China (18% of the total), by 1.7% in North America (21% of the total), and rose by 11.6% in South America (2% of the total).

Company maintains full-year forecasts

The supplier confirmed its full-year forecasts, with revenue between 20 and 21 billion euros (compared to 20.9 billion euros in 2025), an operating margin between 4.7 and 5.3% of revenue (compared to 4.7% in the previous year), and net cash of more than 400 million euros compared to 371 million euros in 2025.