-
Quarterly turnover above 100 M€
-
Clear outperformance of the automotive market, in all regions
-
Good momentum in the industrial division at constant scope
Sales
Consolidated sales for the 1st quarter of 2022
|
In €m |
Q1 2022* |
Q1 2021 |
Posted |
Organic |
Foreign exchange effect |
Perimeter change | |
|
Turnover | 102.2 | 100.3 | 1.9% | 0.6% | 3.4% | -2.1% | |
|
Mobility | 87.7 | 84.7 | 3.5% | 0.3% | 3.2% | – | |
|
Industrial ** | 14.6 | 15.6 | -6.6% | 2.7% | 4.4% | -13.7% |
*unaudited
** 2021 scope: disposal of the technical straps and belts business as of June 30, 2021
-
Mobility market: market outperformance of 4.8 pts
Global automotive production was down 4.5% in the first quarter in a still difficult context with tensions over electronic components, the Russian-Ukrainian crisis and health restrictions in China. DELFINGEN outperformed the market by 4.8 pts and by 13.8 pts excluding the geographic mix effect of its sales. Indeed, the fall in automobile production is particularly marked in Europe (-18%) where the group achieves 53% of its sales, with the temporary shutdown of many manufacturer factories, particularly in Germany.
At the end of March 2022, revenue at constant exchange rates and scope was up slightly by 0.3% (+3.5% in published data). The effect of exchange rates at the end of March was positive at €2.7 million, mainly due to the parity (€/$).
Cumulative turnover at the end of March 2022:
By activity:
|
In €m |
2022* |
2021 |
Posted |
Organic |
Foreign exchange effect | |
Protection systems | 70.1 | 69.7 | 0.5% | -2.3% | 2.9% | |
Transfer of fluids | 15.0 | 12.5 | 20.5% | 15.6% | 4.9% | |
Others | 2.5 | 2.6 | -0.4% | -3.5% | 3.0% |
By region:
All regions are outperforming the automotive market:
|
In €m |
2022* |
2021 |
Posted |
Organic |
Foreign exchange effect |
Evolution of the Automotive Market *** |
Performance vs Organic (in pts) | |
Americas | 30.9 | 25.2 | 22.5% | 13.8% | 8.7% | -3.4% | 17.2 | |
Europe – Africa | 46.2 | 50.3 | -8.2% | -7.9% | -0.3% | -18.4% | 10.5 | |
Asia | 10.6 | 9.2 | 15.4% | 8.2% | 7.3% | 0.2% | 8.0 |
*** Source: S&P Global Mobility April 2022
Industrial Market sales were up 2.7% at constant scope and exchange rates (-6.6% as reported), with a negative impact (-13.7%) of the change in scope following the sale of the “Technical straps and belts” activity in June 2021.
The effect of exchange rates at the end of March 2022 was favorable by €0.7 million.
Outlook
Uncertainty weighs on the markets with multiple factors such as the situation in Ukraine or the disruption of supply chains.
According to estimates by S&P Global Mobility (formerly IHS Markit) published in April 2022, global automotive production should stand at 80.6 million units, up 4% compared to 2021.
DELFINGEN remains very cautious on market expectations, however, given its strategic positioning in vehicle electrical wiring protection solutions, its leadership and its global presence, DELFINGEN anticipates a market outperformance of 2 to 3 pts.
DELFINGEN is adapting to these extreme economic conditions while seizing growth opportunities linked to the transformation of the market towards cleaner and responsible mobility.
Safe Harbor Statement
Although DELFINGEN’s management considers these forward-looking statements to be reasonable as of the date of publication of this document, investors are warned that these forward-looking statements are subject to numerous elements, risks and uncertainties, which are difficult to predict and generally outside the scope of control of DELFINGEN, which may imply that the results and events actually achieved differ materially from those expressed or anticipated in the forward-looking statements.
DELFINGEN, a world leader in protection solutions
and routing of on-board electrical and fluid networks
WWW.DELFINGEN.COM
EURONEXT Growth Paris | Next press release: July 29, 2022 |
This post has the “? Actusnews SECURITY MASTER” service.
– SECURITY MASTER Key:
mW2bYsdmkm6WmpxrZZiXbWGUZm5kx2PHZpXLmGZolZyWcJtnmpdomJWeZnBlmW5u
– To check this key:
https://www.security-master-key.com.
Regulated information:
Quarterly financial information:
– First quarter financial information
Full and original press release in PDF format:
https://www.actusnews.com/news/74498-cp_delfingenindustry_cat1-2022_06052022.pdf
© Copyright Actusnews Wire
Receive the company’s next press releases free of charge by email by subscribing to www.actusnews.com