Valeo lifts 2013 goal on market recovery hopes

Newswire

PARIS, July 30 (Reuters) - French auto parts maker Valeo raised its full-year earnings goal on Tuesday, predicting a European market stabilisaton later this year after its operating income and sales advanced in the first half. Valeo expects to improve on the 6.2 percent operating margin recorded last year, the Paris-based company said in a statement, after operating income rose 3.7 percent to 384 million euros ($509 million) before one-off gains and expenses. ...

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