Valeo is awarded the Grand Prix for Financial Transparency (all categories)
Paris, France, October 5, 2012 - Valeo picked up the 2012 Grand Prix for Financial Transparency (all categories) and the award for the Consumer goods/Health sector at the ceremony held in Paris yesterday.
The Financial Transparency awards are handed out each year to listed French companies with the best practices in regulatory financial reporting. Valeo was awarded the highest honor after being selected from among 170 companies listed on the Paris stock exchange.
Winners are picked following a thorough analysis based on 85 criteria grouped under four key headings: accessibility, comparability, availability and accuracy. The awards committee* is made up of key players in the French market and influential bodies, including the French Financial Markets Authority (AMF) and NYSE Euronext.
"We are very proud of this award in honor of our efforts to consistently produce clear, accurate and transparent financial communications. It also highlights our determination as a Group to follow the best market practices with the aim of establishing a trust-based relationship with our investors in the long term," said Jacques Aschenbroich, Valeo's Chief Executive Officer.
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* Composition of the Scientific Committee for the 2012 edition:
Association for the Defense of Minority Shareholders (ADAM)
French Asset Management Association (AFG)
French Financial Markets Authority (AMF)
Association for the Promotion of Individual Shareholders (APAI)
French Federation of Individual Investors and Investment Clubs (F2iC)
French Institute of Directors (IFA)
NYSE Euronext
French Society of Financial Analysts (SFAF)
Paris Dauphine University
Valeo is an independent industrial Group fully focused on the design, production and sale of components, integrated systems and modules for the automotive industry, mainly for CO2 emissions reduction. Valeo ranks among the world's top automotive suppliers. The Group has 127 plants, 21 research centers, 40 development centers, 12 distribution platforms and employs 71,900 people in 28 countries worldwide.
For more information, please contact:
Thierry Lacorre - Investor Relations Director - Tel.: +33 (0)1 40 55 37 93
For more information about the Valeo Group and its activities, please visit our website www.valeo.com
