By Olivia Bugault

Valeo SA (FR.FR) said Thursday that sales rose in the third-quarter and trimmed its operating margin and sales guidance for 2019 due to the one-off cost of a General Motors Co. (GM) strike in the U.S.

The French auto supplier said sales in the period rose to 4.77 billion euros ($5.31 billion), up from EUR4.43 billion a year ago.

The company said that the strike at General Motors will impact its 2019 sales guidance by roughly EUR160 million, while its operating margin is expected to be hit by EUR50 million. Otherwise, Valeo confirmed its guidance.

Write to Olivia Bugault at olivia.bugault@wsj.com

(END) Dow Jones Newswires

October 24, 2019 12:31 ET (16:31 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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