- 14.9 billion euros excluding Valeo Siemens eAutomotive, up 16%
- 3.0 billion euros for Valeo Siemens eAutomotive
Operating margin up 17% to 754 million euros, or 8.0% of sales; net income up 20% to 506 million euros, or 5.3% of sales
In line with the strategic plan presented in London on February 28, 2017, our results for the first half of 2017 confirm the growth and profitability potential of our innovations portfolio for CO2 emissions reduction and intuitive driving.
During the first half of the year we were delighted to welcome Ichikoh’s teams to Valeo. The integration of Ichikoh’s operations into our Visibility Systems Business Group, which is going well, will enable us to expand our footprint in Asia, particularly with our Japanese customers.
Similarly, the initial commercial success of Valeo Siemens eAutomotive demonstrates our ability to become a leader on the high-growth electric vehicle market.
Based on the following assumptions:
Valeo confirms its objectives for 2017: