(AOF) – Delfingen announces a turnover of 115.0 million euros in the third quarter, organic growth of 6.3%. The automotive equipment manufacturer, specialist in solutions for protecting on-board networks and tubes for fluid transfer, specifies that over the first nine months, this figure is up organically by 11.2% to 348.9 million euros. The group has confirmed its objectives for the 2023 financial year, namely a turnover of 465 million euros and a current operating margin of 6.5%.
Delfingen highlights that its sales from the Mobility market amounted to 97.5 million euros, up 4.5% (+8.6% at constant scope and exchange rates) outperforming automotive production by 4.8 points “despite the strike movement initiated since mid-September at three of the major automobile manufacturers in the United States.”
AOF – LEARN MORE
Negotiations with manufacturers
On average, equipment manufacturers represent between 60 to 85% of the manufacturing cost price of a vehicle. According to the Federation of Vehicle Equipment Industries (Fiev) negotiations are very tense with manufacturers regarding the passing on of the increase in costs. The price increases concern electronic components, raw materials, such as steel, nickel, lithium or palladium, energy and transport. The equipment manufacturers mainly negotiate with Stellantis and Renault to set up indices to pass on the increases. They are also betting on innovation, differentiation, moving upmarket and internationalization.