Valeo has reported sales of €11.2 billion worldwide during the first half of CY2023.
“In the first half of 2023, our sales rose by 19%. This performance reflects strong momentum in driving assistance (ADAS) and electrification,” said Christophe Périllat, Chief Executive Officer.
“Our first half results and the improvement in our financial performance in the second half in line with expectations enable us to reaffirm all of our objectives for full-year 2023,” he added.
Valeo's order book was €18.8 billion which included those in the areas of ADAS and electrification. This order intake was recorded at a 'higher level of profitability than the objective set out in the Move Up strategic plan'.
Their distribution across the United States, Asia and Europe reflects Valeo's performance in the global automotive market as a whole, said the CEO.