Q3 2022 Valeo SE Earnings Call Transcript
Welcome to the Valeo Q3 Sales Conference Call. I now hand over to Mr. Christophe Perillat, CEO of Valeo. Sir, please go ahead.
Thank you, and good evening, everyone. Thank you very much for attending the call. Today, I'm joined by Robert Charvier, our CFO; Francois Marion, who is Group Communications Senior VP; and Thierry Lacorre, Investor Relations VP. The call will last 45 minutes sharp, including 15 minutes of presentation and 30 minutes of Q&A. So let me start.
In Q3, our sales rose by 33% compared to the third quarter of '21. I think it shows a strong growth and it demonstrates once again the relevance of our positioning and our growth potential. Like-for-like, OE sales grew by 24%. And on a pro forma basis, it means after adjusting the Q3 '21 figures for the high-voltage business, formerly known as Valeo Siemens eAutomotive, like-for-like growth comes out at 26%. You remember that during the presentation on February 25 of our strategic plan that I called to move-up, I
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