Gross sales for Valeo within the first quarter of 2023 was up 15 % to EUR 5,482 million, lifted by the acceleration in ADAS and high-voltage electrical powertrain system, the corporate stated in a media launch.
Enterprise exercise in these two areas may be very sturdy, lifted by market momentum and by the positioning of our know-how portfolio. Specifically, because the starting of the yr, the high-voltage electrical powertrain enterprise has recorded important order consumption of round EUR 4 billion, overlaying all areas and applied sciences, notably the 800V SiC inverter. In a yr marked by an increase in power costs and wages, optimizing our prices and negotiating compensation with our clients are our predominant priorities on the street to our 2023 aims.”
Automotive manufacturing was up 6% in contrast with the identical interval in 2022. This improve was attributable to a low degree of latest automobile inventories and progress in manufacturing volumes in Europe and North America of 17% and 10%, respectively. In China, automotive manufacturing was down by 8%, over the interval on account of a low degree of exercise in January (well being disaster) and February (Chinese language New 12 months), which was partly offset by a restoration in manufacturing volumes in March.
Gross sales for the high-voltage electrical powertrain enterprise got here in at EUR 362 million within the first quarter. Unique tools gross sales climbed 13% like for like on an adjusted foundation, up 10% over the interval like for like), lifted by the restoration in world automotive manufacturing, primarily in Europe and North America, and a rise in content material per automobile, notably in ADAS.
Aftermarket gross sales posted strong progress of 6 % like for like on an adjusted foundation, regardless of an unfavourable foundation of comparability linked to sturdy progress for this exercise throughout the identical interval in 2022. This efficiency was fuelled by the elevated quantity and age of autos on the street, a extra engaging providing from Valeo due to a shift in the direction of extra value-added merchandise, and the impression of worth will increase.
