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H1-2008 - Valeo

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Return on capital employed* analysis<br />

Asset turn (x)<br />

Operating margin (%)<br />

ROCE (%)<br />

* Pretax excluding goodwill<br />

** Before dividend payment<br />

July 29, <strong>2008</strong> I 26<br />

H-<strong>2008</strong><br />

4.07**<br />

4.1<br />

16.7<br />

<strong>H1</strong>-2007<br />

3.88<br />

3.5<br />

13.6<br />

<strong>H1</strong>-2006<br />

3.75<br />

3.8<br />

14.2

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