When the European auto industry came out of the last recession, Valeo increased its revenue by 28%. Q1 17 sales reached €4.77bn, an increase of almost 22%. Although 7% of this growth rate is the result of first-time consolidations (Ichikoh, Peiker and Spheros) and another 2% of exchange rate changes, the like-for-like growth rate of 13% is still very impressive indeed and clearly higher than what we had anticipated.
27 Apr 2017
Q1 revenue growth almost comparable to the 2010 growth rate
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Q1 revenue growth almost comparable to the 2010 growth rate
When the European auto industry came out of the last recession, Valeo increased its revenue by 28%. Q1 17 sales reached €4.77bn, an increase of almost 22%. Although 7% of this growth rate is the result of first-time consolidations (Ichikoh, Peiker and Spheros) and another 2% of exchange rate changes, the like-for-like growth rate of 13% is still very impressive indeed and clearly higher than what we had anticipated.