{"article":{"annotation":{"article_id":"valeo-q3-2026-revenue-falls-2-6-percent-like-for-like","available_at":"2026-10-25T02:28:20.824871Z","geography_revision":"ef6ee0010dda5fe7b240fd514749b43e214c57da73222d2e40ec83b276dd0977","id":"7baa80ba35e720134cada497392573dce9201db1e342185fd520c8cdfb5b4097","input_sha256":"81ffa8243c0cf368c483a6e822487e9ab1d74ec28bb7cd126079f3ba2a5bea1b","limitations":["Rule-derived subjects are candidates, not verified editorial labels or calibrated model probabilities.","Coverage is distinct from event location. Unknown country/city/coordinates remain absent; no automatic geocoding.","Article geometries keep their stated precision and methodology; reproducing them is not independent coordinate verification."],"method":"controlled-rules-v1","places":[{"admin1":null,"city":null,"coordinate_note":null,"coordinate_reference_system":"OGC:CRS84","coordinate_source":null,"country":"FR","evidence":[{"field":"country","language":"en","note":"Explicit preserved editorial country/region; no city or national centroid inferred","source_urls":["https://www.valeo.com/fr/communique-de-presse-chiffre-daffaires-du-3eme-trimestre-2026/","https://www.valeo.com/wp-content/uploads/2026/10/communique-de-presse_Chiffre-daffaires-T3-2026.pdf"]}],"geometry":null,"id":"iso3166-1:FR","kind":"country-or-area","labels":{"ar":"فرنسا","en":"France","es":"Francia","fr":"France"},"match_status":"candidate","precision":"regional","role":"coverage","uncertainty_m":null}],"rules_sha256":"fb5ad3c27c91cb840f7a0a05f7f64a5cb26ad0374409ff9457f277c7092e22b4","schema_version":1,"subjects":[{"concept_id":"medtop:20000349","confidence":null,"confidence_method":null,"evidence":[{"field":"category+topics","language":"en","note":"Preserved editorial category/topic; broad candidate only","source_urls":["https://www.valeo.com/fr/communique-de-presse-chiffre-daffaires-du-3eme-trimestre-2026/","https://www.valeo.com/wp-content/uploads/2026/10/communique-de-presse_Chiffre-daffaires-T3-2026.pdf"]}],"method":"controlled-rules-v1","rule_id":"business-broad","status":"candidate"}],"taxonomy_revision":"1f2db31d811fca07e99b16d402c10e2cc2965c9df1c7b41d9be348b40a24e7fb","taxonomy_version":"IPTC Media Topics 2026-Q2"},"api_url":"https://newsverum.com/api/v1/articles/valeo-q3-2026-revenue-falls-2-6-percent-like-for-like?lang=en","category":"business","content":{"key_points":[],"paragraphs":["Valeo reported third-quarter 2026 revenue of €4.881 billion, against €4.997 billion a year earlier. That is a 2.3% decline on the reported basis and a 2.6% decrease at constant scope and exchange rates, the automotive supplier said in its 22 October release. Foreign exchange added 1.0 percentage point, while changes in consolidation scope reduced sales by 0.7 point. The figures describe different comparisons, so the reported and like-for-like rates should not be conflated.","Original-equipment sales, which supply vehicle manufacturers, were €4.080 billion, down 3.5% as reported and 3.8% like for like. Against estimated global vehicle production down 1.6%, Valeo calculated a 2.2-point outperformance gap, including a favourable 0.8-point geographic mix. A difficult comparison base in POWER also affected the result: its 2025 figures included customer compensation.","By destination, original-equipment revenue fell 7.1% like for like in Europe, which the release defines as including Africa, and 12.9% in China. It was flat in North America and rose 7.5% in Asia excluding China; that regional grouping includes the Middle East and Oceania. Those rates compare Valeo’s business with its own prior-year sales, not with the production change in each market. The company attributed North American resilience to POWER and growth in Asia excluding China to POWER and LIGHT.","Results differed across Valeo’s three divisions. POWER recorded €2.396 billion in sales, down 7.8% as reported and 9.6% like for like. BRAIN, covering driver-assistance, software and electronics activities, rose 8.3% as reported and 8.2% like for like to €1.198 billion. Valeo linked BRAIN’s growth to displays and telematics and increasing production of vision systems for a major European automaker. LIGHT revenue was €1.267 billion, down 1.2% reported and 3.2% at constant scope and currencies.","Aftermarket revenue increased 3.0% like for like to €516 million, while “divers,” mainly customer contributions toward research and development costs and prototypes, rose 6.6% to €285 million. Taken together, the figures show a mix of pressure in original-equipment demand and growth in some aftermarket and technology activities. Valeo called BRAIN’s rebound an initial step toward group growth in 2027.","The company maintained its 2026 guidance: revenue of €20 billion to €21 billion, operating margin of 4.7% to 5.3% of revenue and free cash flow above €400 million after net financial interest. Valeo also expects second-half operating margin and free cash flow to be equivalent to first-half levels, and anticipates sequential growth in the fourth quarter in line with normal seasonality. These are management targets, not reported outcomes.","Valeo’s forecast assumes no further material changes to tariffs or trade restrictions beyond those in force on 22 October, and no significant shift in market conditions, macroeconomic projections or major supply-chain disruption. The company also notes that it is benchmarking against S&P Global Mobility’s 15 October estimates for vehicle production. Those assumptions matter because production levels, customer demand, currency moves and the comparison base influence the supplier’s sales and its constant-scope growth calculations.","The release gives a mixed picture for the quarter: overall sales contracted, but BRAIN and the replacement market grew on a comparable basis, while regional outcomes diverged. Valeo said the quarter was consistent with its annual objectives and reiterated its targets. The next scheduled update in the release is annual 2026 results on 25 February 2027. The quarterly sales figures are company-reported revenue; the operating margin and cash-flow ranges remain forward-looking guidance."],"sections":[]},"corrections":[],"country":"FR","data":{"blocks":[{"description":{"ar":"المبيعات والمقارنات في بيان الشركة الصادر في 22 أكتوبر عن الربع الثالث من 2026.","de":"Umsätze und Vergleiche aus der Mitteilung vom 22. Oktober zum dritten Quartal 2026.","en":"Sales and comparisons in the company’s 22 October release for the third quarter of 2026.","es":"Ventas y comparaciones del comunicado de 22 de octubre sobre el tercer trimestre de 2026.","fr":"Ventes et comparaisons présentées dans le communiqué du 22 octobre sur le troisième trimestre 2026.","pt":"Vendas e comparações no comunicado de 22 de outubro sobre o terceiro trimestre de 2026.","tr":"Şirketin 22 Ekim tarihli 2026 üçüncü çeyrek açıklamasındaki satışlar ve karşılaştırmalar."},"id":"valeo-q3-revenue-and-2026-guidance","items":[{"basis":"observed","label":{"ar":"إيرادات معلنة للربع الثالث 2026","de":"Gemeldeter Umsatz Q3 2026","en":"Q3 2026 reported revenue","es":"Ingresos publicados T3 2026","fr":"Chiffre d’affaires publié T3 2026","pt":"Receitas reportadas T3 2026","tr":"T3 2026 reported revenue"},"measure":{"aggregation":"flow","frequency":"quarterly","geography":"world","id":"valeo-q3-reported-revenue","periodRole":"reference-period","unitCode":"million-eur"},"period":"2026-09","unit":"million EUR","value":4881,"valueQualifier":"exact"},{"basis":"observed","label":{"ar":"إيرادات معلنة للربع الثالث 2025","de":"Gemeldeter Umsatz Q3 2025","en":"Q3 2025 reported revenue","es":"Ingresos publicados T3 2025","fr":"Chiffre d’affaires publié T3 2025","pt":"Receitas reportadas T3 2025","tr":"T3 2025 reported revenue"},"measure":{"aggregation":"flow","frequency":"quarterly","geography":"world","id":"valeo-q3-prior-revenue","periodRole":"reference-period","unitCode":"million-eur"},"period":"2025-09","unit":"million EUR","value":4997,"valueQualifier":"exact"},{"basis":"observed","label":{"ar":"التغير المعلن في الربع الثالث","de":"Gemeldete Veränderung Q3","en":"Q3 reported change","es":"Variación publicada T3","fr":"Variation publiée au T3","pt":"Variação reportada T3","tr":"T3 reported change"},"measure":{"aggregation":"change","frequency":"quarterly","geography":"world","id":"valeo-q3-reported-change","periodRole":"reference-period","unitCode":"percent"},"period":"2026-09","unit":"percent","value":-2.3,"valueQualifier":"exact"},{"basis":"observed","label":{"ar":"التغير على أساس المقارنة في الربع الثالث","de":"Vergleichbare Veränderung Q3","en":"Q3 like-for-like change","es":"Variación comparable T3","fr":"Variation à périmètre et change constants T3","pt":"Variação comparável T3","tr":"T3 like-for-like change"},"measure":{"aggregation":"change","frequency":"quarterly","geography":"world","id":"valeo-q3-like-for-like-change","periodRole":"reference-period","unitCode":"percent"},"period":"2026-09","unit":"percent","value":-2.6,"valueQualifier":"exact"},{"basis":"forecast","label":{"ar":"الحد الأدنى لتوقعات إيرادات 2026","de":"Untergrenze der Umsatzprognose 2026","en":"2026 revenue guidance low end","es":"Límite inferior de la previsión de ingresos 2026","fr":"Borne basse de l’objectif de chiffre d’affaires 2026","pt":"Limite inferior da previsão de receitas 2026","tr":"2026 gelir rehberi alt sınırı"},"measure":{"aggregation":"flow","frequency":"annual","geography":"world","id":"valeo-2026-revenue-guidance-low","periodRole":"reference-period","unitCode":"million-eur"},"period":"2026","unit":"million EUR","value":20000,"valueQualifier":"exact"},{"basis":"forecast","label":{"ar":"الحد الأعلى لتوقعات إيرادات 2026","de":"Obergrenze der Umsatzprognose 2026","en":"2026 revenue guidance high end","es":"Límite superior de la previsión de ingresos 2026","fr":"Borne haute de l’objectif de chiffre d’affaires 2026","pt":"Limite superior da previsão de receitas 2026","tr":"2026 gelir rehberi üst sınırı"},"measure":{"aggregation":"flow","frequency":"annual","geography":"world","id":"valeo-2026-revenue-guidance-high","periodRole":"reference-period","unitCode":"million-eur"},"period":"2026","unit":"million EUR","value":21000,"valueQualifier":"exact"},{"basis":"forecast","label":{"ar":"الحد الأدنى للهامش التشغيلي 2026","de":"Untergrenze der operativen Marge 2026","en":"2026 operating margin low end","es":"Límite inferior del margen operativo 2026","fr":"Borne basse de la marge opérationnelle 2026","pt":"Limite inferior da margem operacional 2026","tr":"2026 faaliyet marjı alt sınırı"},"measure":{"aggregation":"rate","frequency":"annual","geography":"world","id":"valeo-2026-operating-margin-low","periodRole":"reference-period","unitCode":"percent"},"period":"2026","unit":"percent","value":4.7,"valueQualifier":"exact"},{"basis":"forecast","label":{"ar":"الحد الأعلى للهامش التشغيلي 2026","de":"Obergrenze der operativen Marge 2026","en":"2026 operating margin high end","es":"Límite superior del margen operativo 2026","fr":"Borne haute de la marge opérationnelle 2026","pt":"Limite superior da margem operacional 2026","tr":"2026 faaliyet marjı üst sınırı"},"measure":{"aggregation":"rate","frequency":"annual","geography":"world","id":"valeo-2026-operating-margin-high","periodRole":"reference-period","unitCode":"percent"},"period":"2026","unit":"percent","value":5.3,"valueQualifier":"exact"},{"basis":"forecast","label":{"ar":"الحد الأدنى المستهدف للتدفق النقدي الحر 2026","de":"Untergrenze des Free-Cashflow-Ziels 2026","en":"2026 free cash flow target floor","es":"Umbral del objetivo de flujo de caja libre 2026","fr":"Seuil de l’objectif de flux de trésorerie disponible 2026","pt":"Limite inferior da meta de fluxo de caixa livre 2026","tr":"2026 serbest nakit akışı hedef alt sınırı"},"measure":{"aggregation":"flow","frequency":"annual","geography":"world","id":"valeo-2026-free-cash-flow-target","periodRole":"reference-period","unitCode":"million-eur"},"period":"2026","unit":"million EUR","value":400,"valueQualifier":"lower-bound"}],"methodology":{"ar":"المبالغ إيرادات معلنة بملايين اليورو؛ ويحدد كل معدل مئوي أساس المقارنة. المقارنة عند ثبات النطاق والعملات منفصلة.","de":"Die Beträge sind gemeldete Umsätze in Millionen Euro; jede Prozentangabe nennt ihre Vergleichsbasis. Konstanter Konsolidierungskreis und Wechselkurs bilden einen eigenen Vergleich.","en":"Amounts are reported revenue in millions of euros; each percentage identifies its comparison basis. Constant scope and currency is a separate comparison.","es":"Los importes son ingresos publicados en millones de euros; cada tasa indica su base comparativa. La comparación a perímetro y cambio constantes es distinta.","fr":"Les montants sont des chiffres d’affaires publiés en millions d’euros ; chaque taux précise sa base de comparaison. Les données à périmètre et change constants constituent une comparaison distincte.","pt":"Os montantes são receitas reportadas em milhões de euros; cada taxa identifica a base de comparação. Perímetro e câmbio constantes são uma comparação distinta.","tr":"Milyon avro cinsinden tutarlar raporlanan gelirdir; yüzde oranlarında karşılaştırma bazı her kalemde belirtilmiştir. Sabit kapsam/kur değişimi ayrı bir karşılaştırmadır."},"sourceUrls":["https://www.valeo.com/fr/communique-de-presse-chiffre-daffaires-du-3eme-trimestre-2026/","https://www.valeo.com/wp-content/uploads/2026/10/communique-de-presse_Chiffre-daffaires-T3-2026.pdf"],"title":{"ar":"مؤشرات إيرادات Valeo في الربع الثالث","de":"Valeo-Umsatzkennzahlen im dritten Quartal","en":"Valeo third-quarter revenue indicators","es":"Indicadores de ingresos de Valeo en el tercer trimestre","fr":"Indicateurs de chiffre d’affaires de Valeo au troisième trimestre","pt":"Indicadores de receitas da Valeo no terceiro trimestre","tr":"Valeo üçüncü çeyrek temel gelir göstergeleri"},"type":"metrics","updatedAt":"2026-10-25T02:20:20Z"}],"version":1},"data_downloads":[{"formats":{"csv":"https://newsverum.com/api/v1/articles/valeo-q3-2026-revenue-falls-2-6-percent-like-for-like/data/valeo-q3-revenue-and-2026-guidance?lang=en&format=csv","json":"https://newsverum.com/api/v1/articles/valeo-q3-2026-revenue-falls-2-6-percent-like-for-like/data/valeo-q3-revenue-and-2026-guidance?lang=en&format=json"},"id":"valeo-q3-revenue-and-2026-guidance"}],"data_types":["metrics"],"editorial_illustration":{"alt":"Conceptual illustration of industry, engineering and logistics connections.","asset_id":"newsverum-v1-business","avif_variants":[{"height":320,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/business-480.avif","width":480},{"height":480,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/business-720.avif","width":720},{"height":640,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/business-960.avif","width":960},{"height":800,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/business-1200.avif","width":1200},{"height":1024,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/business-1536.avif","width":1536}],"credit":"Newsverum","documentary":false,"height":1024,"kind":"symbolic-editorial-illustration","language":"en","scope":"topic","url":"https://newsverum.com/assets/newsverum/illustrations/v1/business-1536.webp","variants":[{"height":320,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/business-480.webp","width":480},{"height":640,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/business-960.webp","width":960},{"height":1024,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/business-1536.webp","width":1536}],"width":1536},"event_id":"event-f79ee613-c3a5-5c94-a5b6-04fbe57a7df2","event_period":"2026-09-30","event_period_basis":"event-or-reference-period","id":"valeo-q3-2026-revenue-falls-2-6-percent-like-for-like","image":null,"importance":0.6,"language":"en","modified_at":"2026-10-25T02:27:51+00:00","publication_basis":"publication-record","published_at":"2026-10-25T02:27:51+00:00","reading_minutes":3,"region":"world","section_illustration":{"alt":"Conceptual illustration of industry, engineering and logistics connections.","asset_id":"newsverum-v1-business","avif_variants":[{"height":320,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/business-480.avif","width":480},{"height":480,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/business-720.avif","width":720},{"height":640,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/business-960.avif","width":960},{"height":800,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/business-1200.avif","width":1200},{"height":1024,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/business-1536.avif","width":1536}],"credit":"Newsverum","documentary":false,"height":1024,"kind":"symbolic-editorial-illustration","language":"en","scope":"section","url":"https://newsverum.com/assets/newsverum/illustrations/v1/business-1536.webp","variants":[{"height":320,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/business-480.webp","width":480},{"height":640,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/business-960.webp","width":960},{"height":1024,"url":"https://newsverum.com/assets/newsverum/illustrations/v1/business-1536.webp","width":1536}],"width":1536},"slug":"valeo-q3-2026-revenue-falls-2-6-percent-like-for-like","sources":[{"checkedAt":"2026-10-25","name":"Valeo","publishedAt":"2026-10-22","url":"https://www.valeo.com/fr/communique-de-presse-chiffre-daffaires-du-3eme-trimestre-2026/"},{"checkedAt":"2026-10-25","name":"Valeo third-quarter 2026 revenue release (PDF)","publishedAt":"2026-10-22","url":"https://www.valeo.com/wp-content/uploads/2026/10/communique-de-presse_Chiffre-daffaires-T3-2026.pdf"}],"summary":"BRAIN returns to growth as POWER sales decline; Valeo holds its 2026 targets.","text":"BRAIN returns to growth as POWER sales decline; Valeo holds its 2026 targets.\n\nValeo reported third-quarter 2026 revenue of €4.881 billion, against €4.997 billion a year earlier. That is a 2.3% decline on the reported basis and a 2.6% decrease at constant scope and exchange rates, the automotive supplier said in its 22 October release. Foreign exchange added 1.0 percentage point, while changes in consolidation scope reduced sales by 0.7 point. The figures describe different comparisons, so the reported and like-for-like rates should not be conflated.\n\nOriginal-equipment sales, which supply vehicle manufacturers, were €4.080 billion, down 3.5% as reported and 3.8% like for like. Against estimated global vehicle production down 1.6%, Valeo calculated a 2.2-point outperformance gap, including a favourable 0.8-point geographic mix. A difficult comparison base in POWER also affected the result: its 2025 figures included customer compensation.\n\nBy destination, original-equipment revenue fell 7.1% like for like in Europe, which the release defines as including Africa, and 12.9% in China. It was flat in North America and rose 7.5% in Asia excluding China; that regional grouping includes the Middle East and Oceania. Those rates compare Valeo’s business with its own prior-year sales, not with the production change in each market. The company attributed North American resilience to POWER and growth in Asia excluding China to POWER and LIGHT.\n\nResults differed across Valeo’s three divisions. POWER recorded €2.396 billion in sales, down 7.8% as reported and 9.6% like for like. BRAIN, covering driver-assistance, software and electronics activities, rose 8.3% as reported and 8.2% like for like to €1.198 billion. Valeo linked BRAIN’s growth to displays and telematics and increasing production of vision systems for a major European automaker. LIGHT revenue was €1.267 billion, down 1.2% reported and 3.2% at constant scope and currencies.\n\nAftermarket revenue increased 3.0% like for like to €516 million, while “divers,” mainly customer contributions toward research and development costs and prototypes, rose 6.6% to €285 million. Taken together, the figures show a mix of pressure in original-equipment demand and growth in some aftermarket and technology activities. Valeo called BRAIN’s rebound an initial step toward group growth in 2027.\n\nThe company maintained its 2026 guidance: revenue of €20 billion to €21 billion, operating margin of 4.7% to 5.3% of revenue and free cash flow above €400 million after net financial interest. Valeo also expects second-half operating margin and free cash flow to be equivalent to first-half levels, and anticipates sequential growth in the fourth quarter in line with normal seasonality. These are management targets, not reported outcomes.\n\nValeo’s forecast assumes no further material changes to tariffs or trade restrictions beyond those in force on 22 October, and no significant shift in market conditions, macroeconomic projections or major supply-chain disruption. The company also notes that it is benchmarking against S&P Global Mobility’s 15 October estimates for vehicle production. Those assumptions matter because production levels, customer demand, currency moves and the comparison base influence the supplier’s sales and its constant-scope growth calculations.\n\nThe release gives a mixed picture for the quarter: overall sales contracted, but BRAIN and the replacement market grew on a comparable basis, while regional outcomes diverged. Valeo said the quarter was consistent with its annual objectives and reiterated its targets. The next scheduled update in the release is annual 2026 results on 25 February 2027. The quarterly sales figures are company-reported revenue; the operating margin and cash-flow ranges remain forward-looking guidance.","title":"Valeo third-quarter revenue falls 2.6% like for like","topics":[],"translations":[{"api_url":"https://newsverum.com/api/v1/articles/valeo-q3-2026-revenue-falls-2-6-percent-like-for-like?lang=tr","language":"tr","url":"https://newsverum.com/tr/news/valeo-q3-2026-revenue-falls-2-6-percent-like-for-like"},{"api_url":"https://newsverum.com/api/v1/articles/valeo-q3-2026-revenue-falls-2-6-percent-like-for-like?lang=en","language":"en","url":"https://newsverum.com/en/news/valeo-q3-2026-revenue-falls-2-6-percent-like-for-like"},{"api_url":"https://newsverum.com/api/v1/articles/valeo-q3-2026-revenue-falls-2-6-percent-like-for-like?lang=ar","language":"ar","url":"https://newsverum.com/ar/news/valeo-q3-2026-revenue-falls-2-6-percent-like-for-like"},{"api_url":"https://newsverum.com/api/v1/articles/valeo-q3-2026-revenue-falls-2-6-percent-like-for-like?lang=fr","language":"fr","url":"https://newsverum.com/fr/news/valeo-q3-2026-revenue-falls-2-6-percent-like-for-like"},{"api_url":"https://newsverum.com/api/v1/articles/valeo-q3-2026-revenue-falls-2-6-percent-like-for-like?lang=es","language":"es","url":"https://newsverum.com/es/news/valeo-q3-2026-revenue-falls-2-6-percent-like-for-like"},{"api_url":"https://newsverum.com/api/v1/articles/valeo-q3-2026-revenue-falls-2-6-percent-like-for-like?lang=de","language":"de","url":"https://newsverum.com/de/news/valeo-q3-2026-revenue-falls-2-6-percent-like-for-like"},{"api_url":"https://newsverum.com/api/v1/articles/valeo-q3-2026-revenue-falls-2-6-percent-like-for-like?lang=pt","language":"pt","url":"https://newsverum.com/pt/news/valeo-q3-2026-revenue-falls-2-6-percent-like-for-like"}],"url":"https://newsverum.com/en/news/valeo-q3-2026-revenue-falls-2-6-percent-like-for-like"},"version":"1"}