Latest news with #ChristophePérillat
Yahoo
25-07-2025
- Automotive
- Yahoo
Valeo shares slump as car parts supplier cuts sales forecast
By Alessandro Parodi (Reuters) -Shares in Valeo fell over 16% in early Friday trading, after the French car parts supplier cut its annual sales forecast by at least 1 billion euros ($1.2 billion), blaming a weaker dollar and shrinking global car sales volumes. The designer and producer of driving assistance systems said late on Thursday it expected sales of around 20.5 billion euros this year, down from the 21.5-22.5 billion euros it forecast previously. As U.S. tariffs on foreign auto imports threaten carmakers' margins and sales volumes, Valeo CEO Christophe Périllat told analysts that the company would reap the benefits of a cost reduction programme. On Friday, Volkswagen, one of Valeo's largest customers, cut its full-year sales and profit margin forecasts in its first assessment of the damage from U.S. President Donald Trump's trade war. Volkswagen shares reversed early losses and were up over 2% by 0950 GMT, with a Metzler analyst pointing to CEO Oliver Blume's assessment that the performance of its Porsche and Audi brands could reach a low point this year and recover in 2026. Valeo shares had trimmed early losses to trade down 6.6% at the same time. Several European companies flagged currency risks in their quarterly reports, after Trump's April 2 tariff bombshell triggered market turmoil and sent the safe-haven dollar tumbling. ($1 = 0.8518 euros) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
25-07-2025
- Automotive
- Reuters
Valeo shares slump as car parts supplier cuts sales forecast
July 25 (Reuters) - Shares in Valeo ( opens new tab fell over 16% in early Friday trading, after the French car parts supplier cut its annual sales forecast by at least 1 billion euros ($1.2 billion), blaming a weaker dollar and shrinking global car sales volumes. The designer and producer of driving assistance systems said late on Thursday it expected sales of around 20.5 billion euros this year, down from the 21.5-22.5 billion euros it forecast previously. As U.S. tariffs on foreign auto imports threaten carmakers' margins and sales volumes, Valeo CEO Christophe Périllat told analysts that the company would reap the benefits of a cost reduction programme. On Friday, Volkswagen ( opens new tab, one of Valeo's largest customers, cut its full-year sales and profit margin forecasts in its first assessment of the damage from U.S. President Donald Trump's trade war. Volkswagen shares reversed early losses and were up over 2% by 0950 GMT, with a Metzler analyst pointing to CEO Oliver Blume's assessment that the performance of its Porsche and Audi brands could reach a low point this year and recover in 2026. Valeo shares had trimmed early losses to trade down 6.6% at the same time. Several European companies flagged currency risks in their quarterly reports, after Trump's April 2 tariff bombshell triggered market turmoil and sent the safe-haven dollar tumbling. ($1 = 0.8518 euros)
Yahoo
25-07-2025
- Automotive
- Yahoo
Valeo shares slump as car parts supplier cuts sales forecast
By Alessandro Parodi (Reuters) -Shares in Valeo fell over 16% in early Friday trading, after the French car parts supplier cut its annual sales forecast by at least 1 billion euros ($1.2 billion), blaming a weaker dollar and shrinking global car sales volumes. The designer and producer of driving assistance systems said late on Thursday it expected sales of around 20.5 billion euros this year, down from the 21.5-22.5 billion euros it forecast previously. As U.S. tariffs on foreign auto imports threaten carmakers' margins and sales volumes, Valeo CEO Christophe Périllat told analysts that the company would reap the benefits of a cost reduction programme. On Friday, Volkswagen, one of Valeo's largest customers, cut its full-year sales and profit margin forecasts in its first assessment of the damage from U.S. President Donald Trump's trade war. Volkswagen shares reversed early losses and were up over 2% by 0950 GMT, with a Metzler analyst pointing to CEO Oliver Blume's assessment that the performance of its Porsche and Audi brands could reach a low point this year and recover in 2026. Valeo shares had trimmed early losses to trade down 6.6% at the same time. Several European companies flagged currency risks in their quarterly reports, after Trump's April 2 tariff bombshell triggered market turmoil and sent the safe-haven dollar tumbling. ($1 = 0.8518 euros)
Yahoo
22-05-2025
- Automotive
- Yahoo
Valeo Shareholders' Meeting 2025
PRESS RELEASE Valeo Shareholders' Meeting 2025 May 22, 2025 – Paris, France – Valeo's Shareholders' Meeting was held today. The meeting was chaired by Gilles Michel, Chairman of the Board of Directors. All the resolutions were adopted. The shareholders approved the financial statements for the year ended December 31, 2024 as well as a dividend distribution of 0.42 euro per share. The ex-dividend date is set at May 26, 2025, and the record date at May 27, 2025. The dividend will be paid on May 28, 2025. The Shareholders' Meeting approved the renewal of the term of office of Christophe Périllat as a director for a period of four years. The Board of Directors, which met following the Shareholders' Meeting, unanimously reappointed Christophe Périllat as Chief Executive Officer for the duration of this term, thereby reaffirming its full support for the continued implementation of the Group's strategy. The Shareholders' Meeting also renewed the term of office of Mari-Noëlle Jégo-Laveissière and Véronique Weill as directors for a period of four years, and appointed Gilles Le Borgne as a director, for the same duration, with effect as from January 1st, 2026. Alexandre Dayon's term of office having expired at the end of the Shareholders' Meeting, the Chairman of the Board reiterated, on behalf of the Board, his gratitude for his remarkable commitment to the Board of Directors and its specialized Committees. The Board of Directors therefore comprises (i) at the end of the Shareholders' Meeting, 14 members, including 90.91% of independent directors and 45.45% of women (excluding employee directors) and (ii) as from January 1, 2026 (beginning of Gilles Le Borgne's term of office as a director), 15 directors, including 91.67% of independent directors and 41.67% of women (excluding employee directors). The Shareholders' Meeting approved the compensation paid or granted to directors and executive corporate officers for the 2024 financial year (ex post votes) as well as the compensation policies applicable to directors and executive corporate officers for the 2025 financial year (ex ante votes). In addition, the shareholders renewed the authorizations and financial delegations granted to the Board of Directors to carry out share buybacks and to issue shares and securities. Finally, the articles of association of the company have been amended to incorporate the changes introduced by the Attractiveness Law regarding the decisions of the Board of Directors. About Valeo Valeo is a technology company and partner to all automakers and new mobility players worldwide. Valeo innovates to make mobility safer, smarter and more sustainable. Valeo enjoys technological and industrial leadership in electrification, driving assistance systems, reinvention of the interior experience and lighting everywhere. These four areas, vital to the transformation of mobility, are the Group's growth drivers. Valeo in figures: 21.5 billion euros in sales in 2024 | 106,100 employees, 28 countries, 155 plants, 64 research and development centers and 19 distribution platforms at February 28, 2025. Valeo is listed on the Paris Stock Exchange Learn more at Media ContactsDora Khosrof | +33 7 61 52 82 75Caroline De Gezelle | + 33 7 62 44 17 Investor Relations+33 1 40 55 37 Attachment PR_Valeo Shareholders' Meeting 2025
Bloomberg
28-02-2025
- Business
- Bloomberg
Valeo CEO: Have to Pass On Tariffs Costs to Customers
Christophe Périllat, CEO of French car parts maker Valeo, says the company will have to pass on to customers any increase in costs from potential new trade tariffs. In a difficult environment for the auto industry, the company has already closed down some factories and will continue to make 'adjustments' if necessary. Périllat spoke to Bloomberg TV from Paris on the back of the company reporting organic revenue down 3% in the fourth quarter. (Source: Bloomberg)
