VALEO July 20, 2017
CONFIDENTIAL
H1 2017
H1 2016
Year-on-year
Net R&D (as a % of sales) | 6.0% | 6.1% | +20% | +0.1pts |
Order intake (€bn) | 12.8 | 14.9 | +16% | na |
Valeo Siemens eAutomotive | (€bn) | 3.0 | na | na |
Innovative products (in % of order intake) 45% 42% na -3pts
Sales (€bn)
Gross margin (as a % of sales) Operating margin* (as a % of sales) Net income (as a % of sales)
8.1
18.3%
8.0%
5.2%
9.5
18.6%**
8.0%
5.3%
+16%
+18%
+17%
+20%
na
+0.3pts
=
+0.1pts
* Including joint ventures and associates **Including dilutive impact of Ichikoh
2 July 20, 2017CONFIDENTIAL
+12% as reported
+5% like-for-like(1)
Sales of €4.7bn
OEM sales of €4.1bn +11% as reported
+5% like-for-like(1)
OEM sales outperformance Growth(1) Outperformance(2)
Sustained
sales growth
World
Europe China
Asia (excluding China) Incl. India
North America South America
Aftermarket sales of €0.5bn
+5%
+2%
+23%
+3%
+22%
+4%
+9%
+5pts
+5pts
+25pts
-1pt
+19pts
+5pts
+10% as reported
+1% like-for-like(1)
-4pts
3 July 20, 2017(1) Constant Group structure and exchange rates. (2) Vs automotive production
CONFIDENTIAL
Fueled by innovation | Order intake(1) of €14.9bn and Valeo Siemens eAutomotive of €3.0bn | +16% na |
Sustained
sales growth
+16% as reported
+9% like-for-like(2)
Sales of €9.5bn
+16% as reported
+9% like-for-like(2)
Outperformance(3)
+6pts
+6pts
+21pts
-1pt
+14pts
+7pts
-6pts
OEM sales of €8.2bn
OEM sales outperformance World
Europe
China
Asia (excluding China) Incl. India
North America South America
Aftermarket sales of €1bn
Growth(2)
+9%
+7%
+24%
+4%
+20%
+8%
+12%
4 July 20, 2017+14% as reported
+5% like-for-like(2)
(1) See glossary page 48 (2) Constant Group structure and exchange rates. (3) Vs automotive production
CONFIDENTIAL
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