Press release – Q1 2026 Sales

• Sales of 5.1 billion euros, up 1.3% on a like-for-like basis
• All three Valeo Divisions outperformed global automotive production, which contracted 3.4% year on year; original equipment sales of 4.2 billion euros, down slightly by 0.6% like for like
• Agile response to complex headwinds: Valeo is drawing on its experience to secure critical supplies, manage associated cost increases, and obtain the necessary compensation to neutralize their impact
• 2026 objectives confirmed
  • Sales: 20 to 21 billion euros
  • Operating margin (as a % of sales): 4.7% to 5.3%
  • Free cash flow (after net financial interest) above 400 million euros

“We delivered a solid performance in the first quarter. Sales were up on a like-for-like basis with all of our Divisions outperforming global automotive production, demonstrating our operational agility in an environment marked by headwinds.

In view of the tensions in the Middle East and pressures on the electronics supply chain, our teams have been fully mobilized in ensuring business continuity, limiting cost overruns and engaging in constructive dialogue with each of our customers. We are continuing to rigorously manage our costs and capital expenditure. We therefore confirm our guidance for 2026.

Bolstered by the strength of our order book and our recent commercial successes, particularly in China, we are confidently preparing for a return to growth in 2027, in line with the ambitions we set out in our Elevate plan.”

Christophe Périllat, Valeo’s Chief Executive Officer

/…/