In first-half 2025, Valeo’s results are in line with the trajectory it set out, with improved profitability and cash generation thanks to the rigorous management of its activities. In particular, this involves strict price management, measures to reduce its costs and investments and a repositioning toward new contracts with better margins:

Sales of 10,660 million euros, down 1.4% on a like-for-like basis

Gross margin at 19.6% of sales (up 1.1 percentage points on first-half 2024)

EBITDA margin at 13.8% of sales (up 1.4 percentage points on first-half 2024)

O…