H1-2008 - Valeo
H1-2008 - Valeo
H1-2008 - Valeo
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Results (cont.)<br />
In euro million<br />
Operating income<br />
Cost of net debt<br />
Other financial income/(expenses)<br />
Associates<br />
Income before taxes<br />
Taxes<br />
Effective tax rate<br />
Minority interests and others<br />
Net income<br />
July 29, <strong>2008</strong> I 21<br />
<strong>H1</strong>-<strong>2008</strong><br />
182<br />
(22)<br />
(6)<br />
7<br />
161<br />
(56)<br />
36.4%<br />
(5)<br />
100<br />
<strong>H1</strong>-2007<br />
167<br />
(25)<br />
(20)<br />
5<br />
127<br />
(47)<br />
38.5%<br />
(9)<br />
71<br />
Change<br />
+ 9.0%<br />
-12.0%<br />
-70.0%<br />
+ 40.0%<br />
+26.8%<br />
+19.1%<br />
-2.1 pts<br />
-44.4%<br />
+40.8%
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