Press release – Q3 2025 Sales

• Sales of 4,997 million euros, up 3.5% on a like-for-like basis
• Original equipment sales up 3.7% on a like-for-like basis, reflecting the sound performance of the POWER and LIGHT divisions
• By geographic area, Europe outperformed automotive production, while China delivered an improved performance, significantly reducing the gap in performance versus the Chinese market
• On this basis, the Group confirms its 2025 objectives
  • Sales: around 20.5 billion euros
  • EBITDA (as a % of sales): 13.5% to 14.5%
  • Operating margin (as a % of sales): 4.5% to 5.5%
  • Free cash flow before one-off restructuring costs: 700 to 800 million euros
  • Free cash flow after one-off restructuring costs: 450 to 550 million euros

“In a difficult and demanding environment, the Group’s third-quarter performance is in line with its full-year objectives. It highlights the complementary nature of our technologies and our geographic positioning. The POWER and LIGHT divisions’ performance was driven by the ramp-up of production launches in Europe as well as in China with new players in electrification. As in the first half, the BRAIN division’s performance retreated, while order intake in the area of ADAS and SDV remained strong, illustrating the attractiveness of our product portfolio.

Our efforts to reposition ourselves among Chinese automakers are paying off and, in line with our expectations, we are significantly reducing the gap in our performance compared with the Chinese market.

I would like to thank Valeo’s teams for their efforts in rigorously managing our activities and implementing cost reduction measures. Their commitment is essential to achieving our roadmap aimed at improving profitability and cash generation.”

Christophe Périllat, Valeo’s Chief Executive Officer

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