(AOF) – Delfingen, an automotive supplier specializing in solutions for the protection of on-board networks and tubes for fluid transfer, announces current operating income for 2022 down 13% to 21.1 million euros. This shows a margin of 5% against 6.6% in 2021. Turnover stands at 417.1 million euros, up 15% over one year. For 2023, the objective is a turnover of 450 million euros, organic growth of nearly 8%, and a current operating margin of 6% against 5% in 2022 and 6.6% in 2021.
In the first half, despite a difficult context linked to tensions over electronic components, the Russian-Ukrainian crisis and health restrictions in China, Delfingen recorded growth of 5.3% (+3.2% at scope and exchange rate). constantly changing). From the third quarter, and thanks to a stabilization of the market environment, the group accelerated its trajectory to post growth of 26% in the second half.
This favorable inflection enabled it in November to revise upwards its revenue forecast for the year 2022 from more than 380 million euros to 410-415 million euros.
The Board of Directors will propose to the General Meeting of June 2, 2023 the payment of a dividend of 0.64 euro per share.
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Negotiations with builders
On average, equipment manufacturers represent between 60 and 85% of the manufacturing cost of a vehicle. According to the Federation of Vehicle Equipment Industries (Fiev), negotiations are very tense with manufacturers regarding the passing on of increased costs. The price increases concern both electronic components, raw materials, such as steel, nickel, lithium or palladium, energy and transport. Equipment manufacturers mainly negotiate with Stellantis and Renault to set up indices to pass on increases. They are also betting on innovation, differentiation, upgrading and internationalization.