“Valeo is prepared to meet today’s challenges in the sector.” GILLES MICHEL Chairman of Valeo’s Board of Directors What are the Group’s objectives and priorities for 2026? What are the Group’s objectives and priorities for 2026? Gilles Michel In 2026, it will be a matter of demonstrating that we are well and truly committed to the trajectory defined by the Elevate 2028 plan. This is despite the continuing uncertainties in the automotive market and, clearly, in our economic environment. To achieve this, Valeo will continue to deploy all available operating levers with intensity, and to roll out its repositioning strategy, both in terms of businesses and geographical presence. Christophe Périllat I agree with Gilles: the priority is obviously the proper execution of the Elevate 2028 plan. 2025 set a solid foundation for our plan, and we expect 2026 to be perfectly in line with the trajectory we have mapped out. We will achieve this by maintaining discipline on our prices and costs, reinforcing our industrial performance and continuing to reduce our R&D costs, without impacting our capacity for innovation. This is how we will build a stronger, more efficient Valeo.