Valeo posted slightly better-than-expected half-year core profit and reiterated its full-year guidance, citing a projected increase in global car output. Valeo’s H1-2022 before interest, tax, depreciation, and amortization fell nearly 8% to €1.11 billion for sales at 9.4 billion. “The context has been difficult,” CEO Christophe Perillat told reporters, referring to microchip shortages that have hit the…
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