Valeo shares rise after better-than-expected H1 results

Valeo SE

23/07/2026 08:53

  ** Shares in French car parts supplier Valeo VLOF.PA rise 3.9% after posting better-than-expected H1 results
** H1 sales totalled €10.38 billion ($11,86 billion), above the €10.33 billion euros expected on average in a company-provided consensus
** H1 operating margin rose to 5.0% from 4.5% a year earlier, free cash flow increased to €242 million from €100 million year ago
** "The main driver of this improvement lies in the group's efforts to control its operating costs and in the improvement in its gross margin following the launch of higher-margin programmes," TP ICAP Midcap said 
** Including today's move, shares grew 18.9% since the beginning of the year -  LSEG data
     
($1 = 0.8753 euros)

 (Reporting by Mathias de Rozario in Gdansk)
 ((mathias.derozario@thomsonreuters.com))