Gargolre Valeo recently announced the third quarter of 2013 financial report, as follows:
In the third quarter of 2013, Valeo 's global sales increased by 2.2% year-on-year to 2.905 billion Euros. Excluding factors such as exchange rate and changes in the group structure, its global sales increased by 12%. Host plant sales accounted for 85% of total sales, an increase of 13% year-on-year, 11% higher than the global average, of which, the Chinese market increased by 24% year-on-year; the Group performed well in the aftermarket, sales increased by 10% in the European market To maintain steady development and continue to expand business in Asia and emerging markets, demonstrating the Group's ability to balance growth.
In the third quarter, Valeo increased by 10% in Europe, 25% in North America, 10% in South America, and 13% in Asia. Valeo Chief Executive Officer Jacques Asshenbois stated that Valeo’s strong performance in the third quarter reflects Valeo’s growth model in the past and the impressive order results Valeo has achieved in the past three years. .
2013 third quarter, Valeo China supporting OE market with sales of 319 million euros, an increase of 24%, exceeding the market average of 16 percent. From January to September 2013, the sales of the Valeo China OEMs reached 912 million euros, a year-on-year increase of 23%, which exceeded the market by 12 percentage points.
In the first three quarters of this year, Valeo Group's sales totaled 9.071 billion Euros, compared with 8.841 billion Euros in the same period of last year, an increase of 2.6% over the same period of last year. Excluding factors such as exchange rate and changes in the group structure, sales in the first three quarters increased by 8%. .
Valeo said that the group is expected to continue to grow in the fourth quarter of this year, and to increase its revenue for the current year at a level above the level of market performance. From 2007 to 2011, Valeo's sales in the Chinese market have doubled and it is expected that it will double in the next four years. By 2014, China will become the largest market for the group.
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