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Valeo’s Profit Surges 34%
Valeo SA reports its revenue in the first half of 2015 grew 15% to €7.3 billion, and net income jumped 34% to €344 million.
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Valeo SA reports its revenue in the first half of 2015 grew 15% to €7.3 billion, and net income jumped 34% to €344 million.
The French parts supplier says orders in January-June climbed 18% to a record €10.7 billion, and free cash flow doubled to €306 million. The company's operating margin advanced to 7.4% from 7.2% in 2014.
Valeo has raised its full-year guidance by predicting slightly better sales and operating margins in the second half of the year.
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