France’s Valeo , a parts supplier to France, announced that the demand in China and North America remained strong, and that the European auto market gradually recovered from a continuous contraction for six consecutive years. The company’s first-quarter growth of 6.3% (excluding excluding The increase after comparable factors was 11%). In the first quarter of 2014, Valeo’s overall sales rose from 2.93 billion euros in the same period last year to 3.11 billion euros, an increase of 6.3% (a year-on-year increase of 11% after excluding incomparable factors). The matching sales of mainframe plants reached 2.68 billion U.S. dollars, an increase of 8.4% over the same period of last year. China is still the most robust regional market for Valeo's growth. In the first quarter, it contributed 290 million euros in supporting sales, a surge of 35% year-on-year; the company’s combined sales in North America reached 538 million euros, up Climb 10%. Valeo also achieved steady growth in Europe in the last quarter, with sales up 12% year-on-year to 1.4 billion euros; however, as South American auto production fell 11% year-on-year, Valeo also saw sales in the region in the last quarter Declined, falling 3% year-on-year to 96 million euros. In each business unit, sales of the powertrain system, thermal system and visual system continued to increase in the quarter, and sales reached more than 800 million euros. The sales of the Comfort and Driver Assist Systems business grew year-on-year. It fell 12.2% to 550 million euros. OEM Medical Parts,Medical Industrial Spare Parts, Medical Components Ningbo Jiongke Technology Co., Ltd , https://www.precisioncncmachiningparts.com
Valeo's sales rose 6.3% in the first quarter