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  Valeo - La eNewsletter des actionnaires
  October 2015 
Valeo A word from the Chief Executive Officer  
First-half 2015 results     Our events     For further information     About Valeo Valeo
A word from the Chief Executive Officer
July 27, 2015

"Valeo's results for the first half of 2015 reflect the hard work carried out by our teams over the past few years to develop a more diverse customer portfolio, strengthen our products' technological advantage and further align the Group's businesses geographically. Furthermore, the figures demonstrate the strength of Valeo's growth model in any market conditions.

Our record order intake – which stands at 10.7 billion euros – and the 15% growth in sales reflect the commercial success of technologies developed by the Group for CO2 emissions reduction and intuitive driving. This growth was accompanied by a 23% increase in our operating margin, a 34% increase in net income and a doubling of free cash flow. These first-half results put Valeo ahead of schedule in terms of the medium-term plan presented at our Investor Day in London on March 16, 2015."

Jacques Aschenbroich,
Chief Executive Officer

First-half 2015 results
Order intake of 10.7 billion euros, up 18% (13% like-for-like)
Consolidated sales of 7,298 million euros, up 15% (6% like-for-like)

Original equipment sales of 6,316 million euros, up 16% (7% like-for-like) outpacing global automotive production by 6 percentage points:
Europe: up 10%(1), 8 percentage points higher than automotive production
- Asia: up 6%(1), 4 percentage points higher than automotive production
  of which China: up 10%(1), 5 percentage points higher than automotive production
North America: up 4%(1), 1 percentage point higher than automotive production
South America: down 13%(1), 3 percentage points higher than automotive production
Aftermarket sales up 8% (up 2% like-for-like)
Operating margin(2) up 23% to 538 million euros, or 7.4% of sales
Net attributable income up 34% to 344 million euros, or 4.7% of sales
Free cash flow of 306 million euros, double the figure for first-half 2014

Read the press release ›››

2015 outlook confirmed at the "IAA International Motor Show" in Frankfurt
sales growth outperformance in the main production regions, including China

operating margin(2) (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.

Read the presentation ›››


(1) Constant Group structure and exchange rates.
(2) Including share in net earnings of equity-accounted companies.

Our events

For the second year running, Valeo invited students from around the world to play an active role in automobile innovation by designing the product or system that will create smarter, more intuitive cars by 2030.

With participation up 40% on last year, 1,324 teams from 89 countries signed up for a chance to invent and develop bold, revolutionary solutions for the automobile of 2030.

On September 29, 2015, the three winning teams were selected by a jury chaired by Valeo Chief Executive Officer Jacques Aschenbroich and made up of eminent figures from the world of science as well as members of the Valeo Group.

First prize went to the Chinese team "Falcon View" from Peking University. They came up with a new way for autonomous cars to detect their surroundings.

Two teams tied for second place: the German team "Auto Gen Z", from Saarland University and the Indian team "M.A.D.", from Sri Aurobindo International Center of Education in Pondicherry.

The winning team was awarded a cash prize of €100,000, while the second teams took home €10,000 each.

Read the press release ›››

Go to the Valeo Innovation Challenge website ›››



Valeo took advantage of the Frankfurt Motor Show (IAA) to unveil new technologies for making cars smarter, safer, more intuitive and more fuel efficient.

 360Vue® 3D system: This intuitive and ergonomic technology is designed to help drivers maneuver their vehicles with greater accuracy. It gives them a comprehensive view of the vehicle's environment in the form of a 3D, 360° image on the dashboard screen.

 Sightstream®: This new camera system replaces conventional rearview mirrors. It offers automakers the opportunity to eliminate blind spots and display information directly in the driver's line of sight on the dashboard.

 Electric supercharger: This innovation helps boost acceleration in downsized engines.

 Remote Clean4U™: Presented at the Frankfurt Motor Show in a world premiere, this revolutionary system enables users to remotely defrost and clean their vehicle's windshield via a smartphone application, thanks to defrosting and debugging functions.

 Matrix laser: This new system provides glare-free, high-beam lighting.

 Valeo's very high efficiency PM2.5 filter: Made from close-knit, reinforced fibers, this filter traps particles with almost 100% efficiency and thus reduces the concentration of pollutants inside the cabin.

Read the press release ›››

Go to the press kit ›››


For further information
Valeo has acquired a 10.5% stake in Aledia. Aledia is a technology start-up dedicated to the development of cutting-edge LED technology for general and vehicle lighting.
Valeo's objective is to accelerate and expand in the medium term its offering of innovative interior and exterior automotive lighting solutions.

Read the press release ›››


About Valeo

Valeo is an automotive supplier, partner to all automakers worldwide. As a technology company, Valeo proposes innovative products and systems that contribute to the reduction of CO2 emissions and to the development of intuitive driving. In 2014, the Group generated sales of 12.7 billion euros and invested over 10% of its original equipment sales in research and development. Valeo has 136 plants, 16 research centers, 34 development centers and 15 distribution platforms, and employs 81,800 people in 29 countries worldwide.
Valeo is listed on Euronext Paris and is a member of the CAC 40 index.

For more information about the Valeo Group and its activities, please visit our website,



Valeo won a 2015 Automotive News PACE (Premier Automotive Suppliers' Contribution To Excellence) award for its EG Efficiency Alternator.

Read the press release ›››

Valeo Valeo Valeo
  October 21, 2015

Third-quarter 2015 sales

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