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

Article by Christian A., 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.

If you liked the article, share on:

Topics: valeo, revenue

Comments

Recommended

If there is one thing that Pagani Automobili and Fiat have in common, it is the fact that they are Italian companies that build and assemble vehicles. There is currently...
by - December 15, 2017
It’s Star Wars fever once again, and the second installation of the trilogy sequel -- “Star Wars: The Last Jedi” -- is finally hitting theaters. Avid fans of the franchise...
by - December 15, 2017
Audi Sport is known for creating high performance versions of some Audi vehicles, with a focus on higher levels of sportiness. So far, its high-performance creations are all powered by...
by - December 14, 2017
As soon as Toyota trademarked the names “LC F” and “Lexus LC F” at the European Union Intellectual Property Office, speculations have emerged that there could actually be a hardcore...
by - December 14, 2017
Mercedes-Benz has a completely new infotainment system that will make its debut as early as 2018. Details are scarce so far, but Mercedes is expected fill in the needed information...
by - December 14, 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