DELFINGEN INDUSTRY: Solid increase in 2023 turnover of +9.5% – 02/05/2024 at 6:00 p.m.

PRESS RELEASE

Anteuil, February 5, 2024

Solid increase in 2023 turnover of +9.5%

DELFINGEN INDUSTRY (DELFINGEN), global automotive equipment manufacturer, leader in on-board network protection solutions and fluid transfer tubes,

publishes its turnover for 4

^th

quarter 2023 and the year 2023.

+4.5% increase in activity on 4

^th

quarter 2023

At 4

^th

quarter 2023, DELFINGEN recorded revenue growth of +4.5% to €107.8 million, including a currency effect of -3.3% linked to the unfavorable change in the €/$ parity on the quarter and a scope effect of +2.8% linked to the acquisitions in early April 2023 of the companies REIKU GmbH in Germany and AHN Chem Co. Ldt in Korea.

At constant scope and exchange rates, activity was up +4.9%.

Sales from the Mobility market amounted to €91.9 million, up +3.2% (+5.5% at constant scope and exchange rates). After record activity in October, the fourth quarter was characterized by a slowdown in activity in November and December particularly in the Americas zone as a result of the UAW strike movements with strong exposure of the Celaya factory to Mexico. Although automobile production continued to grow in the fourth quarter, the month of December saw a sudden slowdown in Europe (-5.2%) and to a lesser extent in North America (-1.6%).

Sales from the Industrial market, an area of ​​diversification of the Group’s activities, returned to growth at €15.9 million, or +1.5% at constant scope and exchange rates, and +12.4% with the integration of REIKU.

2023 turnover of €456.7 million, up +9.5%

The turnover for the year 2023 amounts to €456.7 million, an increase of +9.5% (+9.6% at constant scope and exchange rates). Excluding the exchange rate effect of -2.3% linked to the unfavorable change in the €/$ parity over the financial year, and including a scope effect of +2.1%, the turnover comes to 466.2 M € up +11.8% (compare with guidance of €465 million).

Over the period, the two activities, Mobility and Industrial, contributed to the annual performance with respective growth of +8.3% and +16.4% (+10.3% and +5.4% at scope and sales rate). constant changes).

The Textile activity also confirms its potential as a growth driver for the Group, with a turnover of €80.0 million in 2023, up +22.6% compared to 2022.

Building on its strategic reference positions with the main global cable companies, and despite the slowdown observed at the end of the year, DELFINGEN continued to outperform the global automotive market in 2023 (+1 pt), driven by the Asia zones (+8, 3 pts) and Americas (+2.6 pts) while continuing to rationalize the product portfolio in Europe.

Analysis of consolidated turnover by geographical area

Over the year 2023, all regions show sustained increases, despite the slowdown in the automobile market recorded at the end of the year:

Adaptation of the 2023 current operating margin objective to automotive market conditions at the end of the year

Despite an increase in turnover over the financial year, DELFINGEN is adjusting its current operating margin target for 2023 to around 6%, compared to 6.5% initially set. This revision of the objective is linked to the lower activity at the end of the year. Current operating income would nevertheless be up +30% compared to 2022.

In terms of financial structure, the Group anticipates the continuation of 1

^er

half-year the generation of positive free cash flow, and the reduction in its working capital requirement over the entire financial year. Combined with the reduction of its current debt (excluding the acquisitions of the companies REIKU GmbH and AHN Chem Co. Ltd), DELFINGEN is continuing to strengthen its financial structure.

Next meeting :

April 2, 2024: publication of results for the 2023 financial year (after market close)

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 Roth Paris market (FR0000054132 – ALDEL) and is a member of the MiddleNext association.

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.

At constant scope and exchange rates

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