PRESS RELEASE
Anteuil, November 3, 2023
+4.6% increase in activity in 3
th
quarter 2023
Turnover of €115.0 million, organic growth
+6.3%New outperformance of the global automobile market (+4.8 points)
Maintained double-digit growth (+11.0%) in
September 30, 2023
Confirmation of 2023 objectives
DELFINGEN INDUSTRY (DELFINGEN), global automotive equipment manufacturer, leader in on-board network protection solutions and fluid transfer tubes,
publishes its turnover for 3
th
quarter of 2023 and the first nine months of 2023.
|
In €m |
T3 |
9M | ||||||||
2022 | 2023 | Δ | Δ | 2022 | 2023 | Δ | Δ | |||
Mobility | 93.2 | 97.5 | +4.5% | +8.6% | 268.2 | 295.1 | +10.0% | +12.0% | ||
Industrial | 16.8 | 17.6 | +4.9% | -6.1% | 45.8 | 53.9 | +17.7% | +6.7% | ||
|
Total |
110.0 |
115.0 |
+4.6% |
+6.3% |
313.9 |
348.9 |
+11.1% |
+11.2% | ||
+4.6% increase in activity in 3
th
quarter 2023
At 3
th
quarter 2023, DELFINGEN posts further growth in turnover, up +4.6% to €115.0 million.
At constant scope and exchange rates, excluding the contribution of the companies REIKU GmbH and AHN Chem Co. Ldt, whose acquisitions were made at the beginning of April 2023 and excluding the exchange rate effect of -5% linked to the unfavorable change in the €/parity. $ over the quarter, activity was up +6.3%.
Sales from the Mobility market amounted to €97.5 million, up +4.5% (+8.6% at constant scope and exchange rates) outperforming automotive production by 4.8 points despite the movement strike initiated since mid-September at three of the major automobile manufacturers in the United States. Note that the situation is being normalized after an agreement reached a few days ago between one of the manufacturers and the American automobile union.
The Textile activity confirms its potential as a growth driver for the Group, with a turnover of €20.7 million, up +14% after increases of +37% in the first and second quarters of 2023.
Sales from the Industrial market amounted to €17.6 million, up +4.9% (-6.1% at constant scope and exchange rates), and follows growth of +28% and above. 23% displayed respectively in the first and second quarter of 2023.
Maintaining double-digit growth over the first nine months of 2023
Cumulatively over the first nine months of 2023, DELFINGEN recorded a turnover of €348.9 million, up +11.1% (+11.2% at constant scope and exchange rates).
Over the period, the two markets, Mobility and Industrial, showed respective double-digit growth. Thus, sales from the Mobility market increased by +10.0% (+12.0% at constant scope and exchange rates) and those from the Industrial market by +17.7% (+6.7% at constant scope and exchange rates). constant exchange rates).
With its strategic reference positions with the main global cablers, DELFINGEN continues to outperform the global automotive market as of September 30, 2023 (+3 pts), notably driven by the Asia (+15.8 pts) and Americas (+2.0 pts) zones. 5 pts).
Analysis of consolidated turnover by geographical area
All regions showed sustained increases over the period:
|
In €m |
T3 |
9M | ||||||||
2022 | 2023 | Δ | Δ | 2022 | 2023 | Δ | Δ | |||
Europe – Africa | 48.5 | 52.8 | +8.9% | +4.4% | 146.9 | 163.9 | +11.6% | +9.7% | ||
Americas | 47.7 | 47.7 | +0.0% | +7.4% | 131.7 | 142.6 | +8.3% | +10.1% | ||
Asia | 13.9 | 14.6 | +5.2% | +9.6% | 35.4 | 42.4 | +19.8% | +21.5% | ||
|
Total |
110.0 |
115.0 |
+4.6% |
+6.3% |
313.9 |
348.9 |
+11.1% |
+11.2% | ||
Confirmation of 2023 objectives
In view of the activity recorded over the first nine months of the year, DELFINGEN confirms its objectives for the 2023 financial year, namely:
A turnover of €465 million;
A current operating margin of 6.5%.
Next meeting :
February 5, 2024: publication of turnover for the 4th
th
quarter 2023
About DELFINGEN (www.delfingen.com)
DELFINGEN is an automotive equipment manufacturer, world leader in on-board network protection solutions and fluid transfer tubes, in the mobility and industrial markets.
A family business, with more than 70 years of history, the Group has 4,000 employees and operates throughout the world, close to its customers, with its 42 locations in 22 countries on 4 continents: Americas, Europe, Africa and Asia.
DELFINGEN is at the heart of the new mobility challenges of today and tomorrow: electrification, connectivity, autonomous driving, safety and environmental requirements.
DELFINGEN is listed on the Euronext Growth Paris market (FR0000054132 – ALDEL) and is a member of the MiddleNext association.
|
DELFINGEN Christophe Clerc Executive Vice President – Finance [email protected] T. +33 (0)1 81 70 37 00 |
ACTIFIN Investor relations Alexandre Commerot [email protected] T. +33 (0) 1 56 88 11 18 |
ACTIFIN Press relations Isabelle Dray [email protected] T. +33 (0)1 56 88 11 29 |
Safe Harbor Declaration
Although DELFINGEN’s management believes that these forward-looking statements are reasonable as of the date of publication of this document, investors are alerted to the fact that these forward-looking statements are subject to numerous elements, risks and uncertainties, which are difficult to predict and generally beyond the scope of control of DELFINGEN, which may imply that the results and events actually achieved differ significantly from those expressed or anticipated in the forward-looking statements.
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Regulated information:
Quarterly financial information:
– Financial information for the first quarter
Full and original press release in PDF format:
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