Valeo Reports Consolidated Sales Results for the First Quarter Ended March 31, 2018; Provides Earnings Guidance for the Year 2018
The company provided earnings guidance for the year 2018. For the year, the company expects an increase in global automotive production of 1.5%, nominal sales growth of around 8%, operating margin excluding share in net earnings of equity-accounted companies (as a % of sales) in line with 2017.