Valeo reports H1 2022 net sales at USD9.6 billion, up 5% y/y

Financial results

Strong growth in aftermarket sales, up 11 %

Valeo reports first–half 2022 net sales at EUR9.41 billion (USD9.6 billion) with a year-on-year (y/y) increase of 5% compared with EUR8.99 billion in 2021, according to a filing by the company on 26 July. Operating income was reported as EUR258 million, down 38% compared with EUR414 million in the previous year. Net loss was reported at EUR48 million for the first half of 2022.

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