UPDATE 2-Valeo hikes FY margin target, H1 sales soar

Newswire

* H1 net profit 168 mln eur vs 213 mln eur net loss yr ago * H1 sales rise 38 pct to 4.787 bln euros * Hikes FY operating margin forecast to over 5 pct of sales * Valeo shares closed 1.1 pct higher before results (Adds analyst comments) PARIS, July 27 (Reuters) - French car parts maker Valeo raised its full-year operating margin target and its forecasts for automobile production in major markets after it posted a 38 percent increase in half-year sales. Carmakers and suppliers are ...

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