PARIS -- Valeo said 2018 profit fell in a "challenging year" marked by a slowdown in China and WLTP emissions-test bottlenecks that hit European production.
Operating profit fell 26 percent to 1.09 billion euros ($1.24 billion), Valeo said in a statement on Thursday, paring its operating margin to 5.7 percent of sales from 7.9 percent a year earlier.
Net income fell 38 percent to 546 million euros even as revenue increased 4 percent to 19.26 billion euros, helped by acquisitions.
