-
Reported revenue of €417m, up 14.9%, with a strong acceleration in the 4th quarter
-
Continued outperformance of the automotive market across all of our businesses and regions (+5.9 pts in fiscal year 2022)
Sales
4th quarter consolidated sales
|
In €m |
Q4 2022* |
Q4 2021 |
Posted |
Organic |
Foreign exchange effect |
Perimeter change | |
Turnover | 103.2 | 83.5 | 23.6% | 19.2% | 6.1% | -1.7% | |
Mobility ** | 89.0 | 71.0 | 25.4% | 21.6% | 5.7% | -2.0% | |
Industrial *** | 14.2 | 12.5 | 13.4% | 5.2% | 8.1% |
Consolidated sales at the end of December
|
In €m |
2022* |
2021 |
Posted |
Organic |
Foreign exchange effect |
Perimeter change | |
Turnover | 417.1 | 363.0 | 14.9% | 10.9% | 6.4% | -2.4% | |
Mobility ** | 357.2 | 306.2 | 16.7% | 12.1% | 6.0% | -1.5% | |
Industrial *** | 59.9 | 56.8 | 5.6% | 5.1% | 8.1% | -7.7% |
*unaudited
** 2022 scope: sale of the Russian site in May 2022
*** 2021 scope: disposal of the technical straps and belts business as of June 30, 2021
**** Source: S&P Global Mobility December 2022
-
Mobility Market: organic growth of 21.6% in the 4th quarter and 12.1% at the end of December
By activity:
In the 4th quarter, DELFINGEN further accelerated its growth with sales at constant exchange rates and scope up 21.6% (+25.4% in published data) in a market that grew by 2.8%* ***.
At the end of December 2022, revenue at constant scope and exchange rates was up 12.1% (+16.7% in published data) in a market up 6.2% ****.
Global automobile production evolved as follows in 2022:
In Europe/Africa: down 0.1%, DELFINGEN generates 49% of its Mobility business there.
In America: growth of 9.5%, DELFINGEN generates 37% of its Mobility business there.
In Asia: growth of 7.7%, DELFINGEN generates 14% of its Mobility business there.
The effect of exchange rates at the end of December was positive at €18.5 million, mainly due to the parity (€/$).
4th quarter 2022 revenue:
|
In €m |
Q4 2022* |
Q4 2021 |
Posted |
Organic |
Foreign exchange effect | |
Protection systems | 70.4 | 57.6 | 22.3% | 17.1% | 5.2% | |
Transfer of fluids | 15.5 | 11.4 | 35.9% | 27.2% | 8.7% | |
Others | 3.2 | 2.1 | 52.1% | 49.2% | 2.9% | |
|
TOTAL Mobility |
89.0 |
71.0 |
25.4% |
21.6% |
5.7% |
Cumulative turnover at the end of December 2022:
|
In €m |
2022* |
2021 |
Posted |
Organic |
Foreign exchange effect | |
Protection systems | 282.2 | 249.0 | 13.3% | 7.8% | 5.5% | |
Transfer of fluids | 63.7 | 47.9 | 32.9% | 24.0% | 8.9% | |
Others | 11.4 | 9.3 | 22.6% | 17.4% | 5.2% | |
|
TOTAL Mobility |
357.2 |
306.2 |
16.7% |
12.1% |
6.0% |
By region:
|
In €m |
2022* |
2021 |
Posted |
Organic |
Foreign exchange effect |
Evolution of the Automotive Market **** |
Performance vs Organic (in pts) | |
Americas | 132.8 | 97.0 | 36.9% | 21.7% | 15.2% | 9.5% | 12.2 | |
Europe – Africa | 176.0 | 174.5 | 0.9% | 3.4% | 0.1% | -0.1% | 3.5 | |
Asia | 48.4 | 34.7 | 39.4% | 29.1% | 10.3% | 7.7% | 21.4 | |
|
TOTAL Mobility |
357.2 |
306.2 |
16.7% |
12.1% |
6.0% |
6.2% |
5.9 |
By trimester:
|
In €m |
2022* |
2021 |
Posted |
Organic |
Foreign exchange effect |
Perimeter change | |
T1 | 87.7 | 84.7 | 3.5% | 0.3% | 3.2% | ||
T2 | 85.3 | 77.6 | 9.8% | 5.5% | 6.5% | -2.1% | |
T3 | 95.3 | 72.8 | 30.8% | 23.5% | 9.2% | -1.9% | |
T4 | 89.0 | 71.0 | 25.4% | 21.6% | 5.7% | -2.0% |
In the 4th quarter, sales in the Industrial Market were up 5.2% at constant scope and exchange rates (13.4% on a reported basis).
At end-December 2022, Industrial Market revenue was up 5.1% at constant scope and exchange rates (5.6% based on reported data), with a negative impact (-7.7%) of change in scope following the sale of the “Technical straps and belts” business in June 2021.
Note the good momentum in sales of the “Electrical and thermal insulation” activity (+13.9% at constant exchange rates) and Drossbach (+4.9% at constant exchange rates).
The effect of exchange rates at the end of December was positive at €4.6 million due to the parity (€/$).
Outlook
According to S&P Global Mobility estimates published in January 2023, global automotive production growth would be 4% in 2023.
DELFINGEN remains cautious on market expectations as well as on the elements that can impact it (energy prices, geostrategic tensions, etc.).
However, given its strategic positioning in vehicle electrical wiring protection solutions – in particular thanks to the leverage of its textile solutions, its leadership and its global presence, DELFINGEN anticipates a turnover of around 450 M€ for the year 2023, i.e. an expected increase of 8%.
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: March 31, 2023 |
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Regulated information:
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– Information on annual turnover
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