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Valeo SE (VLEEY) drives innovation in automotive technology through advanced electronics and software-defined vehicle solutions. This dedicated news hub provides investors and industry professionals with authoritative updates on the company’s latest developments.
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Valeo and Amazon Web Services (AWS) have announced a strategic collaboration to revolutionize Software-Defined Vehicles (SDV) development. The partnership introduces three key solutions: Valeo Virtualized Hardware Lab, which accelerates Electronic Control Unit software development by up to 40%; Valeo Cloud Hardware Lab, the first Hardware-in-the-loop as-a-Service solution; and Assist XR, a remote services solution for enhanced driving experience.
Valeo will contribute its expertise in automotive software development, middleware, and high-performance computing, while AWS will provide cloud services for AI, compute, and data management. The Virtualized Hardware Lab will be available on AWS Marketplace in Q1/2025, allowing automotive engineers to deploy virtual ECUs globally. As part of this collaboration, Valeo has joined the AWS Partner Network (APN).
Elior Group, a leading catering and support services operator, reported first-quarter revenues of €1.225 billion for fiscal 2022-2023, marking an 11.7% organic increase year-over-year, driven by a strong business development momentum. The retention rate improved to 91.5%, with 73% of contracts successfully renegotiated, resulting in €234 million in price increases. However, available liquidity decreased to €307 million. Despite inflationary pressures on food costs, the company maintains an outlook of at least 8% organic revenue growth for fiscal 2022-2023 and ambitions for 2024, including a 4% adjusted EBITA margin.
Elior Group reported a strong fiscal 2021-2022, with revenues of €4.45 billion, up 18.3% from €3.69 billion in 2020-2021. Q4 revenues approached 95% of pre-COVID levels. The retention rate reached 93.2%, up from 91.4% last year. Adjusted EBITA showed improvement, with losses narrowing to -€6 million from -€19 million. Net financial debt rose to €1.217 billion. For 2022-2023, Elior targets at least 8% organic revenue growth and an adjusted EBITA margin of 1.5-2.0%. The company reaffirmed its CSR commitments and aims for profitable growth by 2024.
Elior Group reported revenues of €3.419 billion for the first nine months of fiscal 2021-2022, marking a 20.3% organic growth compared to the previous year, with Q3 revenues reaching €1.180 billion, up 25%. The retention rate improved to 92%, and international operations contributed 56% to total revenues. The company faces persistent high inflation but continues its operating margin recovery plan. Financial guidance remains optimistic, targeting at least 16% organic revenue growth. Liquidity at the end of June 2022 stood at €437 million.
Elior Group announced its first-half fiscal results for 2021-2022, reporting revenues of €2.239 billion, marking an 18% organic growth from the previous year, with a retention rate of 91.3%. Adjusted EBITA reached -€16 million, an improvement from -€25 million in 2020-2021. However, free cash flow diminished to -€59 million. The company plans a margin recovery strategy, including exiting its industrial operation, Preferred Meals, in the USA. Elior anticipates continued growth, projecting at least 16% organic revenue growth for the fiscal year.
Elior Group reported a strong revenue growth of €1,116 million for Q1 2021-2022, up from €945 million year-over-year, reflecting organic growth of 16.7%. The company achieved 85% of pre-COVID revenues for the same quarter in 2018-2019. Despite a retention rate of 91.3%, Elior suspended its financial guidance due to uncertainty from stricter health measures against the Omicron variant. Liquidity stood at €500 million at the end of December 2021, down from €539 million previously.
Elior Group reported fiscal 2020-2021 results with revenues of €3.69bn, a 5.3% decline from the previous year. The fourth quarter saw revenues at 85% of pre-Covid levels, a significant rebound from earlier quarters. Adjusted EBITA rose marginally to a loss of €64m, improving from €69m last year due to effective cost control. Elior anticipates at least 18% organic growth for fiscal 2021-2022 and aims for an adjusted EBITA margin between 2.0% and 2.5%. The company has set ambitious goals for 2024, including a return to pre-pandemic revenue levels of €4.92bn.
Valeo, a leader in driving assistance systems, unveiled its third generation scanning LiDAR, set to debut in 2024. This technology boasts a 12-fold increase in resolution, a 3-fold increase in range, and a 2.5-fold increase in viewing angle. It enables level 2 and above automation, enhancing road safety by detecting and classifying objects, managing emergency situations, and adapting to different light conditions. Valeo has already produced over 150,000 units, holding a significant market share. The LiDAR market is projected to exceed $50 billion by 2030, with Valeo positioned as a key player.
Valeo invites participants to its upcoming virtual event showcasing innovations for safer, more autonomous mobility on November 23, with two sessions at 11am CET and 5pm CET (Paris time). Attendees can expect insights into cutting-edge technologies, highlighting Valeo's commitment to enhancing mobility safety and autonomy. The event will feature a Q&A session following the presentations. Interested individuals can confirm attendance by emailing press-contact.mailbox@valeo.com.
