FRANCE: Valeo reports Q4 loss, further job losses ahead
Components maker Valeo has reported a loss in the fourth quarter of EUR417 million and a full year 2001 loss of EUR591 million. In 2000 the company made a profit of EUR368 million. The figures show a sharp deterioration on previous year performance, but the company attributes part of the decline to restructuring measures taken last year. The results were broadly in line with analysts estimates.
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