Valeo Q3 sales rise 14 pct, confirms goals

Newswire

PARIS, Oct 20 (Reuters) - French car parts maker Valeo reported a 14 percent rise in third-quarter sales on Thursday, thanks to its expanding activities in emerging markets, and confirmed its financial goals for the year. Quarterly sales, which reached 2.662 billion euros ($3.65 billion), were up 12 percent on a like-for-like basis, Valeo said in a statement. The parts maker still expects its operating margin to slightly rise in 2011 from 6.4 percent of sales in 2010. Valeo said global ...

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