(News Bulletin 247) – Valeo publishes sales of 20,037 ME for the 2022 financial year, up 16% compared to 2021 and very slightly higher than the guidance which targeted a range of 19.2 to 20 billion euros. The activity was driven by the acceleration of the electrical and ADAS activities, specifies Valeo

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Also between 2021 and 2022, EBITDA increased by 4% to reach 2,401 ME, at 12% of sales (the guidance targeted a range of 11.8 to 12.3%).

The group’s share of net income came to 230 ME, up 31% compared to the previous financial year (175 ME), ie a basic net result per share of 0.95 euro, against 0.73 euro previously.

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In addition, Valeo is highlighting its strong commercial momentum with a 48% increase in order intake in 2022, which reached 32.6 billion euros.

For the 2023 financial year, Valeo is targeting sales of between 22 and 23 billion euros and an EBITDA of between 11.5 and 12.3% of sales.

“We have achieved all the financial objectives that we had set ourselves at the beginning of 2022 in a difficult context, marked by the scale of inflation, the shortage of electronic components, the containment measures in China and the conflict in Ukraine”, has commented Christophe Périllat, Chief Executive Officer of Valeo.

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