(AOF) – Delfingen announces “record” turnover in the first quarter of 2023, up 14% to 116.6 million euros. This automotive supplier, a world player in on-board network protection solutions and tubes for fluid transfer, thus signs its best turnover ever recorded over a quarter. The group is revising its 2023 revenue target upwards to 465 million euros. It also reaffirms its current operating margin target of 6% for 2023 (compared to 5% in 2022).
Sales from the Mobility market amounted to €99.3 million, up 12% (+12.4% at constant scope and exchange rates), benefiting from the stabilization of the market environment, in particular in Europe, which began in the second half of 2022.
The Textile business posted revenue of €19.6 million, up 36.4%, confirming its strong potential as a growth driver for the Group.
AOF – LEARN MORE
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.