Sales totaled 5,427 million euros in Q1 2024, up 2% at constant reporting entity and exchange rates.

Original equipment sales were up 1% at constant reporting entity and exchange rates, supported by all the Group's activities excluding high voltage electrical. Sales in the replacement market were up 1% on a like-for-like basis.

' Sales are expected to reach between 22.5 and 23.5 billion euros in 2024, and between 24.5 and 25.5 billion euros in 2025 (22.0 billion euros in 2023). The Group is confident in the growth of its original equipment sales in all production regions, particularly in Europe', says management.

The Group is targeting EBITDA (as a % of sales) of between 12.1% and 13.1% in 2024 and between 13.5% and 14.5% in 2025.

' Valeo aims to increase its operating income and cash generation by more than 60% between 2023 and 2025 '.

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