Valeo Q3 sales up 8% at EUR4.3bn

By Dave Leggett | 26 October 2017

Valeo sales advanced 8% in the third quarter of 2017 to EUR4.3bn (US$5.05bn).

Jacques Aschenbroich, Valeo's chairman and chief executive officer, commented: "Since the start of the year, sales growth, at 14%, has outpaced automotive production by 5 percentage points on a like-for-like basis in line with our road map, which provides for an acceleration in medium-term growth. This growth is driven by the high order intake recorded over recent years, which is attributable, in particular, to our innovations in vehicle electrification and intuitive driving.

"The Valeo Siemens order intake – which amounted to EUR5.4bn over the first nine months of the year – positions us as the leading player in hybrid and electric vehicles." 

Third-quarter 2017:

In the first nine months of the year:

Finalisation of the acquisition of FTE Automotive and Valeo-Kapec joint venture: