Valeo has announced its Elevate 2028 roadmap, detailing the company’s financial expectations and strategic direction for the next three years. The plan highlights steady profit growth from 2022 onwards, higher cash generation beginning in 2025, and a return to sales growth from 2027.
For 2028, Valeo forecasts sales between €22 billion and €24 billion, an operating margin of 6–7 percent, and free cash flow after interest of at least €500 million. This projected cash flow level is expected to reduce the company’s leverage ratio to below 1.0x adjusted EBITDA, aligning key financial indicators with its goal of achieving an investment-grade rating.
Valeo has reaffirmed its 2025 guidance for sales, adjusted EBITDA, and operating margin, despite a challenging market environment. The company has also revised its free cash flow before interest guidance upward, now anticipating a figure slightly above the earlier expectation of more than €550 million.
The Group continues to strengthen its presence in technologies related to electrification, safety, and software-defined vehicles, with growth recorded across all major regions including China, India, and North America. During its Capital Markets Day in Paris, Valeo outlined how its technology roadmap and financial strategy support its long-term development.
Valeo CEO Christophe Perillat stated that the company’s Move Up plan has laid the groundwork for improved performance since 2022. He noted that Elevate 2028 builds on these achievements through a three-part approach focused on increasing profit, generating higher cash flow, and returning to growth as new orders convert into sales from 2027.