DELFINGEN INDUSTRY: Record turnover in Q1 2023 – 05/05/2023 at 17:40

PRESS RELEASE

Anteuil, May 5, 2023

Record revenue in Q1 2023

• Growth of +14% to €116.6 million

• Double-digit growth in all activities

2023 revenue target revised upwards to €465 million

Reaffirmation of the current operating margin target of 6% in 2023

In the first quarter of 2023, DELFINGEN recorded revenue of €116.6 million, up +14.0% (+13.9% at constant scope and exchange rates), thus signing its best revenue never recorded over a quarter, in pursuit of the acceleration in growth initiated in the second half of 2022. The effect of exchange rates at the end of March 2023 was positive by +1.7% mainly due to the parity (€/ $).

Over the period, the Mobility and Industrial markets contributed to this performance.

• Sales from the Mobility market amounted to €99.3 million, up +12.0% (+12.4% at constant scope and exchange rates), benefiting from the stabilization of the market environment, particularly in Europe, which began in the second half of 2022. The Textile activity recorded revenue of €19.6 million, up +36.4%, confirming its strong potential as a relay for growth for the Group.

Although still evolving in a macroeconomic context impacted by shortages of electronic components and the Russian-Ukrainian crisis, DELFINGEN is capitalizing on its strategic positions with the world’s main cablers to outperform the automotive market (+6.7 pts), particularly on Americas (+2.3 pts) and Asia (+28 pts) which recorded strong growth this quarter.

• Sales from the Industrial market, one of the Group’s priority areas for development, amounted to €17.2 million, up sharply by +27.6% (+24.0% at constant scope and exchange rates). ).

Analysis of consolidated revenue by geographic area

All regions posted sustained increases over the period:

Upward revision of the 2023 revenue target

Given the acquisitions of REIKU and AHN Chem

[3]

carried out in Germany and South Korea respectively, and consolidated from 1

^er

April 2023, DELFINGEN announces an upward revision of its revenue target. The Group now anticipates revenue of €465 million for the year, compared to €450 million initially announced.

Reaffirmation of the 2023 trading operating margin target

DELFINGEN also reaffirms its current operating margin target of 6% (compared to 5% in 2022).

About DELFINGEN ( www.delfingen.com )

DELFINGEN is an automotive supplier, world leader in on-board network protection solutions and tubes for fluid transfer, in the mobility and industrial markets.

A family business, DELFINGEN has 4,000 employees and operates throughout the world, close to its customers, with 40 locations in 21 countries on 4 continents: Americas, Europe, Africa and Asia.

DELFINGEN is at the heart of the new challenges of mobility: 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.

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.

[1]

At constant scope and exchange rates

[2]

At constant scope and exchange rates

[3]

Press release of April 3, 2023

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