Valeo SE (EURONEXT:FR) reported H1 2026 sales of €10.38bn with a 5.0% operating margin and €105m net income, while outlining a full redemption of outstanding notes and plans to produce heavy-rare-earth-free electric drone motors in France from early 2027 to bolster supply resilience.
Previous Week Recap
- Valeo 2026 H1: Revenue €10.38bn: Valeo SE H1 2026: sales €10.38bn (-2.6% y/y, +0.7% like‑for‑like); gross margin 20.7%; operating margin 5.0%; net income €105m; free cash flow €242m; net debt ~€3.8bn; orders €12.1bn.
- Valeo Redeems Notes Via Make-Whole: Valeo SE will fully redeem outstanding notes via make‑whole option; redemption price set on 24 August 2026. Move ties to prior €600m bond issue maturing February 2033.
- Valeo To Build Drone Motors: Valeo SE to build electric drone motors in France for Harmattan AI, production from early 2027 at a Valeo plant; motors use no heavy rare earths to boost supply-chain resilience and domestic output.
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