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Wednesday April 24th 2013
Q1-2013 Sales
Sales, profitability, debt, research & development costs, dividends… All the Group’s key figures.
Key figures 2012
| 2011 | 2012 | Change | |
|---|---|---|---|
| Order intake (in €bn) | 14.9 | 15.8 | na |
| Sales (in €m) Of which OE sales (in €m) |
10,868 9,297 |
11,759 9,910 |
+8.0% +8.0% |
| Gross margin (in €m) As a % of sales |
1,843 17.0% |
1,943 16.6% |
+6.0% -0.4 pt |
| R&D expenditures(in €m) As a % of sales |
561 5.2% |
598 5.1% |
+7.0% -0.1 pt |
| Operating margin (in €m) As a % of sales |
704 6.5% |
725 6.2% |
+3.0% -0.3 pt |
| Net income (in €m) As a % of sales |
427 +3.9% |
380 +3.2% |
-11.0% -0.7 pt |
| Basic earnings per share (€) | 5.68 | 5.03 | -11.0% |
| Basic earnings per share (excluding non-recurring items) (€) | 5.68 | 5.58 | -2.0% |
| EBITDA (in €m) As a % of sales |
1,212 11.2% |
1,260 10.7% |
+4.0% -0.5 pt |
| Free cash flow (in €m) | 232 | 81 | na |
| Net cash flow (in €m) | (227) | (180) | na |
| Net debt (in €m) | 523 | 763 | na |
| Capital turnover | 4.9 | 4.5 | na |
| ROCE | 28% | 31% | na |
| ROA | 19% | 17% | na |
| Dividend (€) | 1.40 | 1.50 | +7.0% |
Order intake
In billions of euros
Sales
Net sales by market
In % of sales
* Including miscellaneous sales and tooling.
Net OE sales by geographic area
In millions of euros and as a % of original equipment sales
Profitability
Gross margin
In millions of euros and as a % of sales
Operating margin
In millions of euros and as a % of sales
Net attributable income
In millions of euros and as a % of sales
Basic earnings per share
In euros
Basic earnings per share including non recurring items
In euros
EBITDA
In millions of euros and as a % of sales
Free cash flow
In millions of euros
Net cash flow
In millions of euros
Capital turnover
ROCE
ROA
Dividend per share
in euros
Net debt
In millions of euros and as a % of consolidated stockholder's equity, excluding non-controlling interests (at December 31)
Net Research and Development Expenditure
In millions of euros and as a % of sales, net of customer contributions, grants and research tax credits
Dividend 2011
A dividend of €1.40 per share, in respect of 2011, was approved at the general meeting of shareholders on June 4, 2012. It will be payable as from July 2, 2012.
Shareholders purchasing Valeo shares through June 27, 2012 inclusive will qualify for the 2011 dividend payment.
History of Dividends
| Euros | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|
| Earning per share | 5.68 | 4.86 | (2.04) | (2.73) |
| Dividend | 1.40(2) | 1.20(2) | 0 | 0 |
(2) The shareholder may choose to be either eligible for the 40% tax allowance provided for in Article 158-3-2° of the French Tax Code (Code general des impôts - CGI) or subject to the 21% flat-rate withholding tax provided in Article 117 quater i.1 of the CGI