Valeo first quarter margin beats forecast

Newswire

PARIS, April 24 (Reuters) - French car parts group Valeo on Tuesday reported a better than expected first quarter operating margin amid intense speculation about its future as it is in talks with an investment fund about a possible buyout. Valeo said the first quarter operating margin had increased to 3.0 percent from 2.3 percent while a survey of six analysts by Reuters showed that the margin had been expected to rise to 2.4 percent. The operating income rose to 79 million euros ($107.1 ...

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