Valeo’s H1 net income drops 64% y/y to USD184 million

Financial results

French supplier secures new business orders of EUR11.1 billion in first six months of current financial year

Valeo has reported 64.2% year-over-year (y/y) decline in net income to EUR162 million (USD184 million) in the first half ended 30 June 2019, the French supplier said in a press release on 25 July. Sales dropped marginally, by 0.9 % y/y, to EUR9.78 billion. On like-for-like basis, sales declined 2% y/y. Lower sales also impacted Valeo’s operating income which decreased 31.9% y/y to EUR514 million.

Thank you for visiting IHS Automotive AutoTechInsight.

*A subscription to News & Analysis includes four IHS Markit-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Services. Please click here to subscribe.

For a free daily listing of headlines with limited access please sign up here.

To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.

Already a subscriber? Please log in here

preload preload preload preload preload