(AOF) – Delfingen announced a net profit group share multiplied by 2.1 in the first half to 7 million euros. The global automotive supplier specializing in on-board network protection solutions and fluid transfer tubes posted an EBITDA up 18.7% year-on-year to 25.4 million euros, for an increase in turnover by 14.7% to 233.9 million euros. Current operating profit jumped 45.5% to 16 million euros, showing a margin of 6.8%, an improvement of 1.4 points.
On the back of its good results, the company has revised its 2023 current operating margin target upwards, to 6.5% against 6% initially announced.
Delfingen also reaffirmed its turnover target of 465 million euros, revised upwards in May 2023.
“With double-digit growth in activity, we continue to outperform our benchmark global automotive market, thanks to our strategic positions with the main global cable companies,” comments Gérald Streit, President and CEO of Delfingen. “In this context of strong growth, controlling our production costs in an inflationary environment has resulted in a clear improvement in our profitability.”
© 2023 Agence Option Finance (AOF) – All reproduction rights reserved by AOF. AOF collects its data from the sources it considers the most reliable. However, the reader remains solely responsible for their interpretation and for the use of the information made available to them. Thus the reader must hold AOF and its contributors harmless from any claim resulting from this use. Agence Option Finance (AOF) is a brand of the Option Finance group
Did you like this article ? Share it with your friends using the buttons below.
