Valeo Q1 Sales EUR 5.31 Billion

April 29 (Reuters) - Valeo SE VLOF.PA:

• Q1 SALES EUR 5.31 BILLION (COMPANY-PROVIDED CONSENSUS: EUR 5.31 BILLION)

• OUTLOOK 2025: CONFIRMED

• CONFIDENT IT WILL COMPLETE RESTRUCTURING AND SAVINGS PROGRAM IN FRANCE AHEAD OF SCHEDULE, BEFORE END-H1

• SAVINGS PROGRAM EXPECTED TO GENERATE TOTAL SAVINGS OF EUR 150 MILLION IN 2025; ANNUAL SAVINGS OF EUR 300 MILLION FROM 2026

• OVER H1, PLANS TO REDUCE ITS ADMINISTRATIVE AND SELLING COSTS BY AROUND 5%

• OVER H1, PLANS TO REDUCE INVESTMENTS IN PROPERTY, PLAN, EQUIPMENT, INTANGIBLE ASSETS BY AROUND 15%

• TARIFFS COMPENSATION: TO DATE, AGREEMENTS COVERING OVER 75% OF AMOUNTS CONCERNED ALREADY SECURED

• HAS BEEN MOVING PRODUCTION OF SOME PARTS FROM CHINA TO MEXICO OR US TO INCREASE NUMBER OF USMCA COMPLIANT COMPONENTS