(Boursier.com) — In the 4th quarter of 2023, Delfingen recorded a turnover growth of +4.5% to 107.8 million euros, including a currency effect of -3.3% linked to the unfavorable change in the euro/dollar parity over the quarter and a scope effect of +2.8% linked to the acquisitions in early April 2023 of the companies Reiku GmbH in Germany and AHN Chem Co. Ldt in Korea.
At constant scope and exchange rates, activity was up +4.9%.
For the year 2023, turnover amounts to €456.7 million, up +9.5% (+9.6% at constant scope and exchange rates). Excluding the exchange rate effect of -2.3% linked to the unfavorable change in the E/$ parity over the financial year, and including a scope effect of +2.1%, the turnover came to €466.2 million. growing by +11.8%, to compare with a guidance of 465 ME.
Over the period, the two activities, Mobility and Industrial, contributed to the annual performance with respective growth of +8.3% and +16.4% (+10.3% and +5.4% at scope and sales rate). constant changes). The Textile activity also confirms its potential as a growth driver, with a turnover of €80 million in 2023, up +22.6% compared to 2022.
Despite an increase in turnover over the financial year, Delfingen adjusts its current operating margin target for 2023 to around 6%, compared to 6.5% initially set. This revision of the objective is linked to the lower activity at the end of the year. Current operating income would nevertheless be up +30% compared to 2022.
The group anticipates, as the first half continues, the generation of positive free cash flow, and a reduction in its working capital requirement over the entire financial year. Combined with the reduction of its current debt (excluding the acquisitions of REIKU GmbH and AHN Chem Co. Ltd), Delfingen continues to strengthen its financial structure.