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Valeo: Sales Grow 18%

5 January 2001

Valeo: Sales Grow 18%

    PARIS--Jan. 4, 2001--Valeo (OTC:VLEEY;Paris:FR) today announced consolidated sales for 2000 totaled 9.1 billion euro, up 18% over 1999.
    The Group consolidated its positions in Europe (+17%), pursued its deployment in North America (+10%), made a significant breakthrough in Asia (+85%) and returned to strong growth in South America (+41%).
    Valeo gained market share in the original equipment market (+19%) and increased its sales in the aftermarket by 16%.
    Valeo's growth in 2000 is related, for 8.5%, to the pursuit of its external growth strategy: in electrical architecture (the automotive activities of Labinal), climate control (joint venture with Zexel) and clutches (Unisia Jecs in Japan), and, for 5.5%, to favorable exchange rates.
    Valeo will be publishing its full results for 2000 on January 31, 2001.