Financial Results | 28 Apr, 2021 | 5 min

Press release – Q1 2021 Sales

Total sales of 4,667 million euros for first-quarter 2021, up 8% on a like-for-like basis


Strong outperformance (14 percentage points vs. first-quarter 2019 adjusted for the geographic mix) in all regions and in all businesses


Confirmation of 2021 objectives

  • Outperformance of 14 percentage points adjusted for the geographic mix, compared to first-quarter 2019(1)
  • Strong outperformance expected in the second quarter of 2021(2) compared to 2019 and 2020.
  • Valeo Siemens eAutomotive (VSeA) performance in line with objectives
    Sales up 93% on first-quarter 2020

Jacques Aschenbroich, Valeo’s Chairman and Chief Executive Officer, commented:

First of all, I would like to thank our teams for their commitment, which enabled us to fulfil all customer orders in a period marked by a shortage of electronic components.

In the first quarter, Valeo delivered a very strong outperformance in all regions worldwide and in all businesses compared to 2019 (the year before the Covid-19 crisis).

This outperformance will continue in the second quarter. It clearly shows that, despite the semiconductor supply crisis, Valeo has confirmed its potential to deliver solid, market-beating growth. This performance is testament to the Group’s unique positioning in electrification and ADAS, with high value-added technologies that bring it commercial success and strengthen its growth potential.
In this context, we confirm our objectives for 2021.