Valeo announces its green bond issue for an amount of 850 million euros with maturity April 2030

On April 4, 2024, Valeo announced the placement of 850 million euros worth of new green bonds maturing April 11, 2030.

 

This issue raised 850 million euros in bonds maturing in 6 years with a coupon of 4,50%. BNP Paribas, Crédit Agricole CIB, Citibank, Mizuho and Natixis acted as Joint Active Bookrunners. The net proceeds of the transaction will be used for financing projects and investments linked to the portfolio of technologies that contribute to low-carbon mobility, in particular vehicle electrification. 

Valeo records operating margin of 3.2% for first-half 2023 and reaffirms its full-year objectives

  • Sales of 11.2 billion euros, up by 19%
    • Valeo’s leadership position consolidated in both areas of innovation: ADAS (up 26% LFL(1)) and powertrain electrification (up 108% LFL)
    • Original equipment sales up 19 % LFL on an adjusted basis(2) (up 26% in Q2)
    • Outperformance versus automotive production of 8 pts LFL on an adjusted basis (10 pts in Q2)
    • Strong growth in aftermarket sales, up 5% LFL on an adjusted basis

Co-optation to Valeo Board of Directors

At its meeting held on July 26, 2022, and on the recommendation of the Governance, Appointments and Corporate Social Responsibility Committee, Valeo's Board of Directors unanimously decided to co-opt Alexandre Dayon as an independent director. Alexandre Dayon will replace C. Maury Devine, who resigned from her office effective that same day. He will serve out her remaining term of office, i.e. until the end of the Annual Shareholders’ Meeting convened to approve the financial statements for the year ending December 31, 2024.

 

Valeo: First-half 2022 results

Resilient performance, strong business momentum and guidance confirmed

– Sales of 9,419 million euros, up by 5%

– Outperformance in all production regions: 3 percentage points worldwide

– Strong growth in aftermarket sales, up 11% year on year on a like-for-like basis

– Free cash flow of 179 million euros

– EBITDA margin at 11.8% of sales and EBIT margin at 2.7% of sales

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