Regional Sales Performance

Sales performance varied regionally: North America and Asia (excluding China) outperformed automotive production, while Europe and China lagged; in China sales contracted 9 % like‑for‑like. BRAIN and LIGHT divisions outperformed global automotive production. Valeo confirmed 2026 targets of €20‑€21 billion in sales, 4.7‑5.3 % operating margin, and free cash flow exceeding €400 million, with expectations that second‑half metrics will match first‑half results assuming stable market conditions.