Press release – Q3 2026 Sales

• Q3 sales at 4.9 billion euros, down 2.6% on a like-for-like basis
• North America and Asia (excluding China) continued to outperform; original equipment sales of 4.1 billion euros, down by 3.8% like for like in a market that was down 1.6% overall
• BRAIN Division returned to growth with sales up 8.2% on a like-for-like basis, marking the first step towards the Group’s return to growth in 2027
• FY 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) of more than 400 million euros
  • Valeo is targeting second-half operating margin (as a % of sales) and free cash flow equivalent to those of the first half

“Our performance in the third quarter is in line with our objectives for the full year, demonstrating Valeo’s resilience in a demanding market environment where challenges have intensified over recent months.

In this context, the rebound in activity in the BRAIN Division provides a positive signal. It sets the first concrete milestone toward the Group’s return to growth in 2027, the third engine of our “Elevate 2028″ strategic plan.

We are entering the final quarter with the same absolute rigor in operational execution and cost management. Our teams are fully mobilized to tackle the headwinds and deliver on all our objectives for the full year.”

Christophe Périllat, Valeo’s Chief Executive Officer

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