Press release – Q1 2021 Sales

• Outperformance of 14 percentage points adjusted for the geographic mix, compared to first-quarter 2019⁽¹⁾
• Strong outperformance expected in the second quarter of 2021⁽²⁾ compared to 2019 and 2020.
• Valeo Siemens eAutomotive (VSeA) performance in line with objectives
  Sales up 93% on first-quarter 2020

Jacques Aschenbroich, Valeo’s Chairman and Chief Executive Officer, commented:

“First of all, I would like to thank our teams for their commitment, which enabled us to fulfil all customer orders in a period marked by a shortage of electronic components.

In the first quarter, Valeo delivered a very strong outperformance in all regions worldwide and in all businesses compared to 2019 (the year before the Covid-19 crisis).

This outperformance will continue in the second quarter. It clearly shows that, despite the semiconductor supply crisis, Valeo has confirmed its potential to deliver solid, market-beating growth. This performance is testament to the Group’s unique positioning in electrification and ADAS, with high value-added technologies that bring it commercial success and strengthen its growth potential.
In this context, we confirm our objectives for 2021.“

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