Valeo’s Q1 sales up 22% y/y to USD5.1 billion

Financial results

Reconfirms full year 2017 financial outlook

Valeo’s sales increased 22% year-over-year (y/y) to EUR4.76 billion (USD5.1 billion as on 31 March 2017) in the first quarter ended 31 March 2017, the French supplier said in a press release last week. The company’s sales, before changes in scope for consolidation and exchange rates, were up 13% y/y.

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