PARIS (Reuters) -- French supplier Valeo sees further improvement in profitability in 2015 after exceeding its targets last year thanks to strong demand for emissions-cutting technologies.
The company said it was aiming for an operating profit margin this year of above the 7.2 percent achieved last year - when the target had been for a margin of above 7 percent.
Valeo also said net income rose 20 percent in the second half of last year to 300 million euros ($339 million), as revenue advanced 12 percent to 6.38 billion euros, and raised its proposed dividend by 29 percent to 2.20 euros per share.
The company, whose products include hybrid car components, LED headlights and hands-free parking systems, aims to benefit from tightening engine emission rules and growing demand for autonomous driving systems.
Revenue and net income were broadly in line with expectations from more than a dozen analysts.
The order intake - which rose 18 percent to 17.5 billion euros - reflects sales of "technologies for CO2 emissions reduction and intuitive driving," Valeo's CEO, Jacques Aschenbroich, said in a statement.