Valeo - Shareholders e-newsletter
  September 2013 Valeo
Valeo A word from
the Chief Executive Officer
2013 results
Motor Show
    For further
A word from the Chief Executive Officer

"In the first half of 2013, Valeo once again confirmed its status as a growth business. Second quarter sales grew by 10.4% on a like-for-like basis, driving up first-half 2013 growth to 5.8%. Original equipment sales posted balanced growth across the different geographic areas, outpacing the global market by 5 percentage points. Valeo's operating margin came to 6.2% of sales, demonstrating its resilience in the context of decreased production in Europe. Given the results of Valeo's efforts in innovation and expansion in Asia and emerging countries, we are confident that the Group will achieve its medium-term financial objectives."

Jacques Aschenbroich,
Valeo's Chief Executive Officer

Résultats du 1er trimestre 2013 et perspectives 2013

Valeo saw 5.8% growth in consolidated sales on a like-for-like basis and operating margin jumped 4% to 384 million euros, or 6.2% of sales.

First-half 2013 results
Order intake of 7.3 billion euros (excluding the Access Mechanisms business) remaining at a high level despite the 5% decrease compared to first-half 2012, thereby confirming the Group's growth and profitability potential.

In the second quarter, sales growth accelerated 10.4% on a like-for-like basis.

In first-half 2013, consolidated sales of 6,166 million euros, up 5.8% on a like-for-like basis, despite a difficult climate in Europe.

Operating margin of 384 million euros, up 4%, to 6.2% of sales.

Net attributable income excluding non-recurring items up 10% to 230 million euros.

Free cash flow of 113 million euros.
2013 outlook
Based on the following market assumptions for 2013:
- 2% to 3% decline in automotive production in Europe
- 2% growth in global automotive production
Valeo has set the following objectives for 2013:
- performance higher than the market in the main production regions
- assuming stabilized market conditions in Europe, a slight increase in operating margin (as a percentage of sales) compared to 2012

Go to press release ›››


Shanghai auto show

At the International Motor Show in Frankfurt, Valeo unveiled new technologies designed to make the vehicles of the future cleaner, more intelligent and more intuitive.

Valet Park4U®: unveiled for the first time at IAA, this innovation transforms vehicles into their own automatic valet. Once activated remotely using a smartphone, Valet Park4U® allows drivers to leave their car at the entrance of a car park and let the car find a suitable space to park itself. Similarly, they can use their smartphone to be picked up at the exit.

• The electric supercharger: technology used to boost small combustion engines.

• The smartphone-compatible smart key: passive entry passive start technology can be operated from a smartphone.

• The cabin filter with anti-allergen properties: in a European first, Valeo has developed a filter that limits the concentration of allergens inside the vehicle.

• Air Intake Module: new air intake architecture paves the way for cleaner, more compact engines.

BeamAtic® PremiumLED: glare-free 100%-LED smart lighting system.

Go to press release ›››

Go to press kit ›››


For further information

September 4, 2013
Valeo and Safran sign a research partnership agreement in driving aid and autonomous vehicles
In launching this research program, which is dedicated to human-machine-environment interfaces and automation, the partners aim to pool their skills and expertise to focus on four main research areas:

• driver attention monitoring;
• 360° visibility;
• visibility in extreme weather;
• vehicle robotization/dronization.

Go to press release ›››


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 123 plants, 20 research centers, 35 development centers, 12 distribution platforms and employs 73,300 people in 28 countries worldwide. ›››



IAA 2013 International Motor Show
In Frankfurt from September 12 to 22, 2013

Valeo Valeo Valeo

At the International Motor Show (IAA) in Frankfurt, Valeo launched its global contest open to engineering students from around the world. In teams of two to five members, the students will be required to present an innovative, game-changing project in English by imagining products or systems that will make cars more intelligent and intuitive by 2030. After the first round of the challenge, the 20 shortlisted teams will be given 5,000 euros to create a model in the format of their choice and build a functioning demonstrator. The three finalist teams will present their projects to the Challenge jury of Valeo experts and external partners, chaired by Valeo CEO Jacques Aschenbroich, at the 2014 Paris Motor Show.

Press release ›››

Valeo Valeo Valeo
  October 17, 2013

Third-quarter 2013 sales

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