Valeo revenues in first quarter 2014 hike 6% to 3.11 billion euros

Article by Christian Andrei, on April 25, 2014

Valeo logged a 6-percent climb in revenues in the first quarter of 2014 to EUR3.11 billion ($4.3 billion), thanks to higher demand in China and North America as well as to end of the auto sales crisis in Europe. CEO Jacques Aschenbroich said in a statement that company’s results demonstrate its capacity to “outpace the market” in all production regions and in all business groups.

Valeo is now concentrating on technology that improves safety and enhances comfort while reducing pollution. The French company in 2013 was able to achieve a target to improve earnings as a proportion of sales thanks to higher pace of growth in the second half of the year.

Valeo is expecting the European car maker to expand between 1 percent and 2 percent this year, as the region recovers from the recent slump. Valeo reiterated a goal to have its full-year 2014 sales grow faster than auto markets in its main regions.

The French supplier is also targeting for "slight" gain in its operating margin in 2014. The company disclosed in February that it will construct six new sites -- including four in China -- and increase its global workforce by a third over the next four years.

Topics: valeo, revenue

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

The bidding war for one of the only 20 examples -- 21 actually, but the 00 version went to a museum -- of the classically beautiful Lamborghini Reventon built and...
by - January 18, 2017
Bentley once again confirmed its plans to push PHEV into their future lineups. As a matter of fact, the Bentayga SUV will be the first to have the plugin hybrid...
by - January 18, 2017
Each time that Mini launches a new generation of the Countryman crossover, a John Cooper Works performance version is always expected to follow. When Mini unveiled the next-gen 2017 Mini...
by - January 18, 2017
Ford Mustang customers won’t be able to specify the V6 powerplant for the latest iteration of the carmaker’s pony car. This comes as the new 2018 Ford Mustang is saying...
by - January 18, 2017
The man sitting at the top of the performance division of Mercedes-Benz – Tobias Moers – cryptically indicated that the Mercedes-AMG GT4 could be really coming. Moers, chief executive of...
by - January 18, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries