Valeo Group | 27 Oct, 2022 | 5 min

Press release – Q3 2022 Sales

Strong 33% growth in sales as reported in third-quarter 2022

  • Sales up 33% as reported to 5,259 million euros
  • Original equipment sales up 24% on a like-for-like basis and up 26% on a pro forma basis
  • Acceleration in High-Voltage sales (formerly Valeo Siemens eAutomotive), up 61% to 321?million euros
  • ADAS original equipment sales up 53% on a like-for-like basis
  • Aftermarket sales up 9% on a like-for-like basis
  • Integration of the High-Voltage business, in line with the Move Up plan
  • 2022 guidance confirmed

 

The strong sales growth in third-quarter 2022, in an environment still affected by the electronic components shortage, reflects Valeo’s ability to grow. I would like to thank all of Valeo’s teams for their commitment.

Our sales on a reported basis, including the High-Voltage business, grew by 33%. The High-Voltage business, which is now integrated within our Powertrain Systems Business Group, accelerated sharply over the quarter, as expected, with growth reaching 61%. In addition, our ADAS business once again enjoyed strong momentum, growing by more than 50%. Lastly, the quarter saw record order intake in thermal systems for electric vehicles.

Based on the automotive production estimates released by S&P Global Mobility for the fourth quarter of the year and forecast energy prices, we are confident in our ability to achieve our 2022 guidance.

 

Christophe Périllat, Chief Executive Officer

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