(AOF) – In the first half of 2022, Delfingen achieved net income group share of 3.3 million euros, compared to 12.7 million in the first half of 2021. Current operating income fell by 42.4% to 11 million, or 5.4% of turnover. It was mainly impacted by the drop in the gross margin of 5.3 points, the increase in the weight of other purchases and external charges of 0.9 point (energy and transport) and the reduction in payroll of 1.9 points. . Turnover increased by 5.3% to 203.9 million. In organic terms, growth reached 3.2%.
Global automotive production was down 1.8% in the first half in a still difficult context with tensions over electronic components, the Russian-Ukrainian crisis or health restrictions in China (two months of confinement in April and May).
Delfingen outperformed the market by 4.5 points and by 7.6 points excluding the geographic mix effect of its sales. Indeed, the fall in automobile production is particularly marked in Europe/Africa (-10%) where the group achieves 51% of its sales.
The group anticipates a performance in the second half of 2022 lower than that of the first half. Subject to a more unfavorable market context, 2022 revenue is expected to exceed 380 million euros with an operating margin of around 5%.
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Negotiations with builders
On average, equipment manufacturers represent between 60 and 85% of the manufacturing cost of a vehicle. According to the Federation of Vehicle Equipment Industries (Fiev), negotiations are very tense with manufacturers regarding the passing on of increased costs. The price increases concern both electronic components, raw materials, such as steel, nickel, lithium or palladium, energy and transport. Equipment manufacturers mainly negotiate with Stellantis and Renault to set up indices to pass on increases. They are also betting on innovation, differentiation, upgrading and internationalization.