Valeo reported first-half 2026 revenue of 10.4 billion euros, up 0.7 percent at constant scope and exchange rates, and reaffirmed its full-year targets. Operating margin rose to 514 million euros, or 5.0 percent of revenue, an 8 percent increase from the first half of 2025, continuing the profitability improvement begun in 2022. Free cash flow more than doubled to 242 million euros, and net debt fell by nearly 200 million euros to 3.828 billion euros, reducing the leverage ratio to 1.2 times. The company confirmed its 2026 objectives of revenue between 20 and 21 billion euros, an operating margin of 4.7 to 5.3 percent, and free cash flow above 400 million euros.
Valeo SAValeo reported higher operating margin, doubled free cash flow, reduced net debt, and reaffirmed 2026 targets.