Valeo reported sales results for the third quarter ended September 30, 2016. For the period, the company reported 15.8% year-on-year increase in sales to €3.994 billion (USD 4.377 billion) for the third quarter of 2016. However, the supplier noted that measured on a "like for like" basis, sales in the three months ending September 30, increased 12.0% year-on-year. The company reported strong growth in sales in the third quarter and first nine months of 2016, driven by robust demand for its products in all business segments. This has been driven by its strategic positioning in key areas of interest for the industry, such as reduced emissions and driver systems.

For the year 2016, the company raising full-year 2016 target operating margin to around 8% [as a percentage of sales], despite the increase in net R&D [research and development] expenditure to fuel the Group's future growth, and are also confirming objective of achieving strong sales growth, outperforming the market in the main production regions, including China. The company's full-year outlook is based on 2.5-3% growth in vehicle production in 2016.