Valeo says that its original equipment sales jumped 13%, up 7% on a like-for-like basis, beating global automotive production by almost 6 percentage points.

The company also said that consolidated sales were up 12% to EUR3,449m, up 12% (7% on a like-for-like basis). Original equipment sales were put at EUR2,990m, up 13% (7% on a like-for-like basis).

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

OE sales trends were also broken out by major regions:

  • Europe: up 13%, 8 percentage points higher than automotive production
  • China: up 1%, 6 percentage points higher than automotive production
  • Asia (excluding China): up 2%, 1 percentage point higher than automotive production
  • North America: up 3%, 3 percentage points lower than automotive production
  • South America: down 18%, 2 percentage points higher than automotive production

Third quarter aftermarket sales were put at EUR387m, up 6% (4% on a like-for-like basis).

Jacques Aschenbroich, Valeo's Chief Executive Officer, commented: "Our third-quarter 2015 sales performance demonstrates once again the solidity of our growth model based on technological innovation in the areas of CO2 emissions reduction and intuitive driving, a more diverse customer portfolio and the geographic balancing of the Group's businesses. Despite the slowdown in the Chinese automotive market and the sharp tailoff in South American markets, Valeo's growth continues to outpace automotive production, with sales accelerating by 7% on a like-for-like basis in the third quarter."

See Also:

Valeo also confirmed its full-year guidance:

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
  • sales growth outperformance in the main production regions, including China;
  • operating margin (as a % of sales) higher than in 2014, with a slight increase in operating margin (as a % of sales) in the second half of 2015 as compared to the first half.

Valeo says 75g CO2 average is "achievable"