Valeo Confirm Outlook, Foresee Chip Shortage End

Valeo confirmed their 2021 financial outlook as they posted increased H1 sales and profit. Optimism was also on the docket, as Valeo expect the chips shortage to ease up.H1-21 EBITDA rose to €1.21bn from €202m for H1-20, while sales rose from €7.1bn to about €9bn. Their 2021 financial outlook forecasts sales between €17.6bn and €18.2bn…

To access this post, you must register DVN Lighting Gold Membership.

Hector Fratty

Hector Fratty, DrivingVisionNews President and Founder has been for his entire career in automotive lighting. From 1995 to 2006, he was Valeo Lighting Systems’ chief of R&D, managing a staff of 650 engineers and technicians and a budget of over €70m. He holds 20 patents worldwide. In 2008, after 2 years’ consultancy, he initiated the launch of Driving Vision News, a news pipeline dedicated to keeping the lighting and driver assistance community informed of the latest progress and development in the industry. Hector Fratty presides over the highly‐regarded biennial VISION Congress international automotive lighting and driver assistance symposium. Hector Fratty is also a member of the ISAL steering committees.