- Page 1 and 2: 2011 Registration Document containi
- Page 3 and 4: 2011 Registration D ocument contain
- Page 5 and 6: How do you explain these strong res
- Page 7 and 8: Evaporato r 1.1 Key figures 6 1.1.1
- Page 9 and 10: 1.1.3 Sales by market As a % of sal
- Page 11 and 12: 1.1.9 Earnings per share (basic ear
- Page 13 and 14: 1.2 Valeo’ s strategy 1.2.1 Lates
- Page 15 and 16: The reduction of CO 2 emissions and
- Page 17 and 18: To ensure product design, quality a
- Page 19 and 20: 1.3 Presentation of Valeo 1.3.1 His
- Page 21 and 22: Creation of a joint venture with th
- Page 23 and 24: 1.3.3 Operational excellence Operat
- Page 25 and 26: In order to ensure the efficient ma
- Page 27 and 28: To this end, the Group has made a n
- Page 29 and 30: Industrial and Logistics The role o
- Page 31 and 32: Strategy and organization In 2011,
- Page 33 and 34: communicating vehicle, for example,
- Page 35 and 36: egularly renewed external certifica
- Page 37 and 38: Alternator Reversible System), whic
- Page 39 and 40: The number of orders placed and the
- Page 41 and 42: the heat pump system thus minimize
- Page 43 and 44: 1.4.3 Comfort and Driving Assistanc
- Page 45: The Group experienced two more succ
- Page 49 and 50: Main competitors on the lighting sy
- Page 51 and 52: SWF, Marchal and PJ brands. This in
- Page 53 and 54: 2.1 Main risks AFR 52 2.1.1 Operati
- Page 55 and 56: 2011. However, no assurance can be
- Page 57 and 58: Crisis management The Valeo Risk M
- Page 59 and 60: Foreign currency risk Group entitie
- Page 61 and 62: investment grade, to being downgrad
- Page 63 and 64: 2.2 Insurance and risk coverage The
- Page 65 and 66: I-Stars alternator /s tarter motor
- Page 67 and 68: Based on market and customer feedba
- Page 69 and 70: Strengthening and deployment of goo
- Page 71 and 72: Valeo and sustainable development R
- Page 73 and 74: and production and cover the use of
- Page 75 and 76: Valeo and sustainable development R
- Page 77 and 78: Valeo and sustainable development R
- Page 79 and 80: Valeo’s Health, Safety, Environme
- Page 81 and 82: Regular HSE audits ISO 14001 Risk a
- Page 83 and 84: 3.3.2 Key environmental performance
- Page 85 and 86: Energy consumption 202 1,861 Respon
- Page 87 and 88: In 2011, packaging materials consum
- Page 89 and 90: and reuses 45% of the total amount
- Page 91 and 92: Atmospheric VOC emissions 141 1,296
- Page 93 and 94: 3.3.3 Environmental performance ove
- Page 95 and 96: 3.4 Valeo’s social performance Th
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Overtime In 2011, 7,647,515 hours o
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Severity rate 0.20 0.18 0.14 09 10
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Since 2008, the management of these
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French scope Achievements in 2011
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Training requirements are analyzed
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Departures Valeo and sustainable de
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Breakdown of women by socio-profess
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In France To meet its recruitment r
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Valeo and sustainable development V
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agreement of 2008 and the Code of E
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Valeo and sustainable development V
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Here are some tangible examples of
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estored to health, the FMEA will wi
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Valeo and sustainable development S
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Diversity Valeo and sustainable dev
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: Full indicator : Partial indicat
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: Full indicator : Partial indicat
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AquaBlade® wiper system 4.1 Corpor
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Board of Directors At December 31,
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Gérard Blanc Independent d irector
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Michel de Fabiani Director Member o
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Michael Jay Independent d irector M
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Noëlle Lenoir Independent d irecto
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Georges Pauget Independent d irecto
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Other declarations concerning membe
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Summary of compensation paid and st
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mandatory health, death and disabil
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In addition, all the stock options
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Compensation paid to the Chairman o
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Employment contract, supplementary
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performance shares granted to the O
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4.3 Organization and operation of t
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Corporate governance Report of the
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Steinhorst as a d irector to replac
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Committees created by the Board The
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At the beginning of 2011, the Appoi
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Agreements governed by Article L.22
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Corporate governance Report of the
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There is no specific pension plan f
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Valeo’s policies and behavioral p
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The internal control system is audi
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Corporate governance Statutory Audi
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Brand licensing agreements Corporat
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Smart key 5.1 Analysis of 2011 cons
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Sales grew faster than the market i
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5.1.2 Financial position Stockholde
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2009 In 2009, investments in proper
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Financial and accounting informatio
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5.2.4 Consolidated statement of cas
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Number of shares (in millions of eu
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Note 1 Accounting policies The cons
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Companies acquired during the perio
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Business combinations are accounted
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Impairment tests are carried out as
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1.14.5 Debt Bonds and other loans
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1.19 Subsidies and grants This capt
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2.1.2 Acquisition of a controlling
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3.1 Key segment performance indicat
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Note 4 Notes to the statement of in
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Goodwill No impairment losses were
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4.9.2 Diluted earnings per share Fi
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2010 (in millions of euros) Softwar
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5.4 Investments in associates Chang
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Impairment losses taken against inv
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2010 Financial and accounting infor
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5.9 Provisions Changes in provision
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Breakdown of obligations 2011 (in m
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Movements in obligations 2011 (in m
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2010 (in millions of euros) France
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500 million euros in seven-year bon
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5.10.5 Net debt Financial and accou
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Note 6 Additional disclosures 6.1 F
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Fair value of foreign currency deri
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Financial and accounting informatio
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Financial and accounting informatio
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At December 31, 2011 Financial and
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6.3.3.2 Other commitments given Val
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6.7 Joint ventures Financial and ac
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Company Germany Financial and accou
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Company NORTH AMERICA Mexico Financ
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Financial and accounting informatio
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5.4 Analysis of Valeo ’s results
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5.5.2 Balance sheet (in millions of
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Financial and accounting informatio
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1.6 Financial instruments Gains and
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6.1 Tax group and taxable profit Va
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Note 8 Operating receivables At Dec
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9.2 Additional paid-in capital Addi
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• the second loan (corresponding
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Note 12 Operating and other payable
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14.3 Interest rate risk hedging Fin
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Note 17 List of subsidiaries and af
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Financial and accounting informatio
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Fan unit 6.1 Stock market data 282
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6.1.2 Share performance over 18 mon
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6.2 Investor relations Valeo aims t
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6.4 Capital ownership 6.4.1 Ownersh
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To the best of the Company’s know
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The number of shares that may be ac
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to allow the implementation of any
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6.6.2 Authorized, unissued capital
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Impact of tender offers (56,330 at
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Impact of tender offers (56,330 at
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Start Date and conditions Number of
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The Company is entitled to identify
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360Vue ® came ra 7.1 Principal pro
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7.1.5 Corporate purpose The Company
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Additional information Information
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COMMERCIAL ENTITIES is established
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7.4.2 Annual information document T
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Press releases published on the Val
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7.5.2 Fees paid to the Statutory Au
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Bare chip wiring for electronic pow
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Cross-reference tables Cross-refere
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Cross-reference tables Cross-refere
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Cross-reference tables Cross-refere
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2011 Registration D ocument - VALEO
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