Valeo has posted operating margin up 3% to EUR725m (US$955m) with sales rising 8.2% to EUR11.8bn.
“In 2012, our order intake reached a record high of EUR15.8bn and our operating margin increased 3% year on year to EUR725m, despite economic headwinds in Europe,” said Valeo CEO, Jacques Aschenbroich.
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“In view of the record level of order intake, driven by a portfolio of innovative products and the expansion of our business in Asia and emerging countries, we are confident
in our ability to achieve strong and profitable organic growth in the years ahead.”
For 2013, the supplier is predicting a 4% decline in automotive production in Europe and 1% growth in global automotive production
It is also looking for sales growth higher than the market in the main production regions, while assuming an upturn in the European market in the second half of 2013, operating margin in line with 2012 – in millions of euros – despite a decline in the first half of the year as a result of market conditions.
