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Valeo improves profitability and cash generation while confirming 2026 targets

Valeo reported first-half sales of €10.4 billion, an operating margin of 5.0% that was 8% higher year over year, and free cash flow of €242 million versus €100 million a year earlier. Net debt declined by nearly €200 million, order intake reached €12.1 billion, and the company confirmed its 2026 objectives while securing its first contract to manufacture drone motors.