Paris (ots/PRNewswire) - Following the meeting of its Board of Directors today, Valeo released its sales figures for the first quarter 2011: In million euros Q1 2010* Q1 2011* % change % change 2011/2010 2011/2010** Original equipment 1,898 2,263 +19.2% +17.4% Aftermarket 351 361 +2.8% +4.5% Other 60 45 -25.0% ...
Paris (ots/PRNewswire) - Valeo has inaugurated two new sites in China this week: a global Electronics Expertise Center in Shenzhen and a wiper systems production plant in Wenling, China. "The opening of the new Electronics Expertise Center and the new wiper systems plant are a further demonstration of Valeo's ...
Paris (ots/PRNewswire) - At an Investor Day event held today in Paris, Valeo is presenting its new medium-term guidance. As announced when its 2010 results were released last February 24, Valeo is ahead of the 2013 targets set in March 2010, which included: - Around EUR10 billion in sales; - An operating margin rate* of 6-7%; - A more than 30% return on capital ...
Paris (ots/PRNewswire) - - Second half 2010: - Sales of 4,845 million euros, up by 20% - Operating margin level(1) at 6.7% of sales - Net income of 197 million euros, at 4.1% of sales - Full year 2010: - Sales of 9,632 million euros, up by 28% - Operating margin level(1) at 6.4% of sales - Net income Group share of ...
Paris (ots/PRNewswire) - Valeo announces the arrival of Fabienne de Brebisson as Corporate Communications Director. Jacques Aschenbroich, Group CEO, declared: "I am pleased to welcome Fabienne de Brebisson to Valeo. Her rich professional experience and her knowledge of communications within major corporations will enable her to develop an ambitious ...
Paris (ots/PRNewswire) - Valeo announces that it filed a record number of patents in 2010. The Group filed 612 initial patents throughout the year, an increase of more than 20% versus the average of the past five years. This places Valeo among the top patent filers in France. CEO Jacques Aschenbroich declared: "This performance reflects Valeo's dynamic research and development policy. It is an illustration of the ...
Paris, July 12, 2010 (ots/PRNewswire) - Valeo is taking part in the eSafety Challenge 2010 in Millbrook (UK) on July 13, 2010. On this occasion, the Group is presenting a selection of its latest visibility and driving assistance technologies, including advanced lighting and detection systems. In the area of lighting, the new Valeo camera-based ...
Paris, June 9, 2010 (ots/PRNewswire) - Valeo announces that its second generation Stop-Start system will be launched by PSA Peugeot Citroen in the third quarter of 2010. The system, coupled with the HDi diesel engines of the Peugeot and Citroen brands, will be featured on both manual and automated manual transmission models and will equip a million vehicles by ...
Paris, May 19, 2010 (ots/PRNewswire) - Valeo today announced that it now owns 100% of the capital in its electrical systems manufacturing entity based in Pune, India. Valeo previously held a 66.7% stake and the N.K. Minda Group 33.3%. The company, which produces alternators and starters for passenger cars, will be named Valeo Engine and Electrical Systems India Private Ltd. This transaction is in line with Valeo's ...
Paris, March 19, 2010 (ots/PRNewswire) - Valeo today announced a project to sell its Telma speed controller activity, which manufactures electromagnetic retarders, to the current management team. The operation includes the activity's headquarters and main plant based in Saint Ouen l'Aumône, France, a joint venture plant in China and two distribution centers based in the U.K. and the U.S. The business employs 195 ...
Paris, March 10, 2010 (ots/PRNewswire) - During an investor day organized today in Paris, Valeo presented its new strategic plan focused on CO2 emissions reduction and its medium-term financial objectives: - organic growth higher than that of automotive production in each region thanks to innovation and accelerated development in emerging markets; - ...
Paris, March 3, 2010 (ots/PRNewswire) - Valeo announces that it has become a core member of the GENIVI Alliance, an association of automakers, suppliers and other industrial companies committed to the development and broad adoption of an open source In-Vehicle Infotainment (IVI) reference platform for the automotive industry. IVI is a constantly evolving field ...
Paris, February 24, 2010 (ots/PRNewswire) - - Sales Growth of 21% - Gross Margin at 17.7% of Sales and Operating Margin at 5.5% of Sales: Highest Levels Recorded in the Past Five Years - Positive Net Income of 56 Million Euros, Bringing 2009 Full-Year Net Income Group Share to a Loss of ...
Paris, November 2 (ots/PRNewswire) - Valeo today announced that it has increased to 100% its shareholding in the entity based in Changchun which develops and manufactures compressors. Valeo previously held a 60% stake and Fawer 40%. The new company, which employs 130 people and produces compressors for the Chinese and Asian markets, will be named Valeo Compressor (Changchun) Co., Ltd. The Valeo Group has been ...
Paris (ots/PRNewswire) - - Positive net income of 4 million euros, following 3 consecutive quarters of losses - Strong improvement in gross margin at 16.2% of sales, highest 3rd quarter level since 2005 - Operating margin at 3.6% of sales, up by 2.8 points versus 2nd quarter - Reinforced generation of free cash flow[1] (6 million euros) and reduction of net financial debt of 24 million ...
Paris (ots/PRNewswire) - At the International Grands Prix Awards for Automotive Innovation ceremony held last night, Valeo won the Gold award for BeamAtic(R) Premium in the Original Equipment category. BeamAtic(R) Premium, Valeo's adaptive front lighting system, revolutionizes driving in the dark, offering drivers optimal visual comfort in all driving ...
Paris (ots/PRNewswire) - - Positive operating margin of 15 million euros versus a loss of 66 million euros in the first quarter - Free cash flow[1] of 84 million euros and a reduction of the net debt of 92 million euros - Negative net income of 54 million euros versus a negative net income of 159 million euros in the first quarter 2009, which brings the net income for the first half to a ...
Paris (ots/PRNewswire) - Valeo today announced an important change in its organizational structure in order to enhance profitability and improve the Group's efficiency given the growing globalization of its markets and customers. The new simplified structure, organized around four Business Groups and a strengthening of the role of the country organizations, is ...
Paris (ots/PRNewswire) - The French environment agency ADEME is supporting Valeo research projects. Two projects for low-CO2 vehicles, which have received 6 million euros in funding from ADEME, were presented yesterday at the French Sustainable Development Ministry: - Mild hybrid (MHYGALE project) Following the micro hybrid, mild hybridization represents ...
Paris (ots/PRNewswire) - Valeo's Combined Annual General Shareholders' Meeting (AGM) was held today under the chairmanship of Pascal Colombani, Chairman of Valeo. The AGM approved the 2008 accounts which were published on February 13, 2009. The presentation of the Group's results for 2008 and the first quarter 2009 provided an opportunity for Jacques Aschenbroich, the new CEO of Valeo, to review the situation of ...
Paris (ots/PRNewswire) - Valeo today announced that the Group's 30,000 Internet-connected employees now have access to a new communication and collaborative working platform based on Google Apps Premier Edition and supported by Capgemini. The progressive roll-out of the new system is giving employees access to a suite of online products which will ...
Paris (ots/PRNewswire) - - Sales decrease of 33.4%, better than the evolution of automobile production which dropped by 38% worldwide - Slight improvement since March in Europe thanks to vehicle scrapping programs and in some emerging markets - Sound liquidity situation - Operating loss of 66 million euros and reinforcement of the cost reduction and cash control plan - New objectives for 2009: Reduction of investments by ...
Paris (ots/PRNewswire) - Valeo's Board of Directors, which met on 20 March 2009, announces the departure of Thierry Morin who is leaving his post as Chairman and Chief Executive Officer. This decision comes as a result of strategic differences and the will of the Board to change the Group's governance ...
Paris (ots/PRNewswire) - Valeo today transmitted to the European Works Council a plan to adapt its headcount in order to deal with the sharp drop in automobile production. Consultations will be held with employee representatives on the measures envisaged. The global automobile market has been highly impacted ...
Paris (ots/PRNewswire) - Following the meeting of its Board of Directors yesterday, Valeo presents its consolidated results for the third quarter 2008. In million euros 3rd quarter 9 months (Non audited) 2008 2007 change 2008 2007 change Total operating revenues 2,112 2,245 -5.9% 7,026 ...
Paris (ots/PRNewswire) - - Net Income up by 41% - Fourth Consecutive Quarter of Margin Improvement - Debt Reduction of 178 Million Euros - Good Level of Order Intake Valeo's Board of Directors, which met yesterday, approved the consolidated financial summary for the first half 2008. 1st half** Quarterly change in 2008 In million euros 2nd 1st ...
Paris (ots/PRNewswire) - Valeo's Annual General Shareholders' Meeting (AGM) was held today under the chairmanship of Thierry Morin, the Group's Chairman & CEO. 2007 results and outlook The AGM approved Valeo's 2007 accounts which were published on February 12, 2008. In 2007, Valeo recorded a strong rise in sales volumes (+6.2%) related to growth in emerging countries where the Group has reinforced its presence. ...
Paris (ots/PRNewswire) - Valeo today announced the signing of a contract with OSEO, the French state financing group dedicated to supporting innovation, for 61 million euros in funding for its research program LOwCO2MOTION(R), which aims to improve vehicle engine efficiency and contribute to reducing CO2 emissions. This funding, granted by the French Industrial ...
Paris (ots/PRNewswire) - Valeo announced today that it has signed an agreement for the creation of a joint venture for the production of HVAC (heating, ventilation and air-conditioning) systems with Itelma, a Russian supplier of automotive systems to Russian automakers. The new company, Valeo Climate Control ...
Paris (ots/PRNewswire) - - Third consecutive Quarter of Improved Margins - Continued Refocusing of the Product Portfolio Following the meeting of its Board of Directors, Valeo presented its first quarter 2008 results. (in EUR million) 1 January - 31 March 2008* 2007** change Total operating revenues 2,473 2,499 ...