Valeo: confirms FY 2022 targets

(CercleFinance.com) - Consolidated sales of 9,419 million euros are up by 5% in the first half of 2022 compared to the same period in 2021.


Original equipment sales were up 1% on a like-for-like basis, despite the decline in automotive production.

Operating profit amounted to 111 million euros. Valeo posted a net loss of -48 million euros, or -0.5% of sales after deducting non-controlling interests of -32 million euros.

Valeo has confirmed its FY 2022 targets. In particular, targeting sales of to 20 billion euros and an EBITDA margin of 11.8% to 12.3%.


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