Valeo - La eNewsletter des actionnaires
  March 2012 Valeo
Valeo
Valeo A word from the
Chief Executive Officer
    Annual
results
    2011
Dividend
    Delhi
auto show
    The latest
innovations
    For further
information
    About
Valeo
Valeo
Valeo
 
A word from the Chief Executive Officer
Valeo

Thanks to the efforts of our teams, Valeo's strong momentum in 2011 – reflected in 13% sales growth and a record order intake of 14.9 billion euros – reaped excellent results. Our new product portfolio, combined with a dual focus on developing products that reduce CO2 emissions and on expanding our business activities in Asia and emerging markets, means that Valeo is perfectly equipped to continue on its growth trend and to demonstrate the sustainability of its financial performance.

2011 results and 2012 outlook

Valeo reports 17% growth in net income Group share to 427 million euros, with operating margin coming in at 6.5% of sales and free cash flow totaling 232 million euros

Full-year 2011
Above-market growth in each of the main production regions and in each of Valeo's Business Groups
  - Sales up 13% to 10.9 billion euros
  - Original equipment sales advanced 16%
  - Order intake up 19% to a record 14.9 billion euros
Operating margin at 6.5% of sales and 17% growth in net income Group share
  - Operating margin of 704 million euros, or 6.5% of sales
  - Net income of 427 million euros, or 3.9% of sales
  - Earnings per share of 5.68 euros, up 17%
Free cash flow of 232 million euros during the year
ROCE in excess of 30% for the second year running
Proposed dividend payment of 1.40 euro per share, up 17%

Second-half 2011
Original equipment sales climb 18%
Following the acquisition of Niles: sharp original equipment sales growth of 40% in the Asia region, which accounts for 25% of original equipment sales, and of 38% for Asian customers, which account for 29% of original equipment sales, on a par with German customers
Operating margin of 359 million euros, or 6.5% of sales
Net income Group share of 209 million euros, or 3.8% of sales

2012 Outlook
Based on the following scenario:
- 3% to 4% growth in global automotive production, despite a 5% decline in Europe
- Raw materials prices at current levels
Above-market growth in each of the main production regions
Operating margin level (in millions of euros) in the same magnitude as the prior year

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Results presentation >>>


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2011 Dividend

A proposal will be submitted to the Annual Shareholders' Meeting to be held on June 4, 2012 to pay a dividend of 1.40 euro per share in respect of 2011, representing an increase of 17% on the 2010 dividend.


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New Delhi auto show
Valeo

Valeo present at Auto Expo in Delhi for the first time

Valeo was present for the first time at the Auto Expo trade show, held in Delhi from January 7 to 11, 2012. Valeo has been present in India since 1997. In the coming years, the Company plans to localize the entire range of Valeo global products. This includes some advanced technologies and innovations, making them accessible to Indian customers. Auto Expo provides an opportunity to showcase innovations that will support the development of the Indian automobile market in the forthcoming years.

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The latest Valeo innovations

Valeo was able to showcase its latest innovations at trade shows in Delhi and Detroit.

ReStart
a reinforced starter, is a component of the Valeo Stop-Start system which allows the vehicle to start up immediately and silently.

Integrated Speaker Control Unit for parking assistance
is an innovative solution specially adapted to the Indian market. A loud speaker connected to the ultrasonic sensor, is integrated into the control unit, making this solution a compact and cost-effective system that can be easily installed on any vehicle.

LEDs
are the most efficient sources for front lighting – twice as good as xenon and five times better than halogen – offering distinctive style opportunities and day-like super white light for safe and comfortable night driving.

Wi-Fi®Rear Camera
is a vision camera using Wi-Fi technology, allowing users to directly link a rear vision camera to a smartphone, which can then be used as the navigation screen.

Water Cooled Charge Air Cooler
is a compact water-cooled brazed aluminum heat exchanger which cuts fuel consumption and reduces emissions. The system is applicable for supercharged, diesel or gasoline engines.

MirrorLink™
gives drivers access to their favorite mobile applications via the dashboard. MirrorLink™ lets drivers use the vehicle's on-board control, display and sound systems, thus making the most of the central console which is wider and more manageable in a car than a smartphone.

Go to press release >>>


Go to press release on Delhi auto show >>>


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For further information

January 3, 2012
Valeo acquires an 80% stake in the Chery Group's lighting company in China
As part of its development strategy in high-growth countries, and particularly China, Valeo has acquired an 80% shareholding in the company Ruby (a lighting specialist) from Chery Technology, a subsidiary of Chinese automaker Chery Automobile. Chery Technology will retain a 20% stake in the company.

Go to press release >>>


February 13, 2012
Valeo certified as Top Employer in France and Europe 2012
Valeo announces that it has been certified as a Top Employer 2012 for France and Europe, a label which recognizes companies for the excellence of their Human Resources management.

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About Valeo

Valeo is an independent industrial Group fully focused on the design, production and sale of components, integrated systems and modules for the automotive industry, mainly for CO2 emissions reduction. Valeo ranks among the world's top automotive suppliers. The Group has 124 plants, 21 research centers, 40 development centers, 12 distribution platforms and employs 68,000 people in 28 countries worldwide.

www.valeo.com >>>


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Valeo
  April 24, 2012

2012 first-quarter sales

June 4, 2012

Shareholders’ Meeting

July 27, 2012

2012 half-year results

 
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  Detroit Auto show
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Delhi Auto show

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  Shareholders’ letter – December 2011
(Only available in French) valeo

 
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  Investors relationship

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