The 10% like-for-like increase in consolidated sales in the first quarter confirms Valeo's growth momentum. Like-for-like original equipment sales growth accelerated – also to 10% – outpacing the market in all production regions. Growth is expected to continue at around this magnitude throughout the second quarter.
Jacques Aschenbroich, Chairman and Chief Executive Officer of Valeo (Euronext: FR), commented:
"The 10% like-for-like increase in consolidated sales in the first quarter confirms Valeo's growth momentum. Like-for-like original equipment sales growth accelerated – also to 10% – outpacing the market in all production regions. Growth is expected to continue at around this magnitude throughout the second quarter.
We are also delighted to have welcomed onboard the peiker and Spheros teams during the first quarter of the year, as well as announcing a new joint venture with Siemens in high voltage powertrains. The know-how of these leading companies will enable Valeo to strengthen its expertise and technological positioning in high growth markets."
Original equipment sales up 10% on a like-for-like basis (also up 10% on a reported basis), outpacing global automotive production by 9 percentage points:
- Europe: up 11%, 10 percentage points higher than automotive production
- China: up 13%, 9 percentage points higher than automotive production
- Asia excluding China: up 9%, 10 percentage points higher than automotive production
- North America: up 11%, 6 percentage points higher than automotive production
- South America: down 12%, compared to the 25% slump in automotive production
Aftermarket sales up 6% on a like-for-like basis (up 3% on a reported basis)
Based on the following assumptions:
Valeo confirms its objectives for 2016:
Blijf op de hoogte: schrijf je in op onze nieuwsbrief
Door uw e -mailadres hierboven aan te melden, gaat u ermee akkoord om elektronisch onze commerciële aanbiedingen te ontvangen. U kunt zich op elk gewenst moment afmelden door de instellingen op uw account te wijzigen en via afmeldlinks.
We gebruiken reCAPTCHA om geautomatiseerd misbruik van onze formulieren te voorkomen. Jouw gebruik van dit formulier is onderworpen aan Privacybeleid van Google en Servicevoorwaarden.