Valeo has posted 2014 sales up 9% to EUR12.7bn (US$14.4bn), while net income rose 28% to 4.4% of sales.

For the second half of last year, sales increased 12% – up 6% like-for-like – and operating margin rose 15% to 7.4% of sales.

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Net income was up 20% to 4.7% of sales

“Our performance in 2014 confirms Valeo’s growth momentum and robust results, with sales up 9%, operating margin up 15%, net income up 28% and the order intake at the high level of EUR17.5bn,” said Vaelo CEO, Jacques Aschenbroich.

“Up by 18%, the order intake reflects the commercial success of our innovative technologies for CO2 emissions reduction and intuitive driving.

“This performance reaffirms Valeo’s growth and profitability strategy, which will be explained in further detail at our Investor Day on 16 March.”

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