Valeo expects higher sales, profits this year
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PARIS (Reuters) -- Valeo CEO Jacques Aschenbroich has re-iterated the French provider's revenue and operating margin goals for 2015.
Valeo targets greater increase in revenue than global markets this year and an operating margin speed somewhat greater than that of 2014.
"We consider that international car increase will be about 3%," Aschenbroich informed Valeo's annual share holders' meeting. "Perhaps slightly more than 3% in Europe and as our European foundation is quite solid, it's going to empower us to ensure our progress."
The organization said in February that its working margin in 2014 increased to 7.2% of revenue. Sales increased by 9 percent to 12.7 billion euros.
Automotive News Europe contributed to this report
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