Valeo’s H1 net income up 20% y/y to USD577 million

Financial results

Reconfirms full-year 2017 financial outlook

Valeo has reported a 20% year-over-year (y/y) growth in net income to EUR506 million (USD577 million as on 30 June 2017) for the first half (H1) of 2017, driven by 16% y/y increase in sales to EUR9.46 billion, the company said in a press release on 20 July. Higher sales helped the France-based supplier to record 17% y/y increase in operating income to EUR754 million and operating margin of 8%.

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