Valeo Management Services


PARIS, July 27, 2010 - - Original equipment sales growth of 44%, higher than production growth in each geographic region - Significantly improved net income, at 168 million euros, or 3.5% of sales - Strong cash generation of 291 million euros and significant reduction of debt to 438 million euros at June 30, 2010 - Upward revision of the operating margin objective for 2010 to a level higher than 5% of sales in current market conditions Following the meeting of its Board of Directors today, Valeo presented its results for the first half 2010.

PARIS, June 9, 2010 - Valeo announces that its second generation Stop-Start system will be launched by PSA Peugeot Citroen in the third quarter of 2010.

PARIS, May 19, 2010 - Valeo today announced that it now owns 100% of the capital in its electrical systems manufacturing entity based in Pune, India.

PARIS, February 24, 2010 - - 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 153 Million Euros - Strengthened Free Cash Flow[1] in the Fourth Quarter, at 153 Million Euros - Decrease in Net Financial Debt of 95 Million Euros in the Fourth Quarter, to 722 Million Euros at December 31, 2009 Following the meeting of its Board of Directors today, Valeo presented its results for the fourth quarter 2009.

PARIS - - 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 euros - Outlook: - H2 automotive production forecast revised upwards - Net income near break-even point in H2 - Cash consumption of less than 100 million euros for 2009 Following the meeting of its Board of Directors today, Valeo presented its results for the 3rd quarter 2009.
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