(AOF) – Delfingen published its 2021 results on Friday evening. Thus, the specialist in solutions for the protection and routing of on-board electrical and fluid networks generated a net profit (group share) of 16.1 million euros. last year, to be compared with a net profit of 45.3 million euros in 2020. For its part, current operating profit came to 24.1 million euros (compared to 22.3 million in 2020), where it results in a margin of 6.6% (against 9.2%). Finally, turnover rose 50.1% to 363 million euros.
Regarding 2022, Delfingen still expects sales growth to exceed that of the market by 2 to 3 points.
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A restructuring of the European market is looming
Faurecia will take over the German Hella in two stages for 6.7 billion euros (if 100% is acquired). Thanks to this operation and the 6 billion euros in additional sales, Faurecia should become the world’s seventh largest player, and no longer the ninth, in the automotive equipment market. It will thus position itself just ahead of the German Continental. Several restructurings are expected to take place among German small and medium-sized companies that have not made the switch to electric. Faurecia’s competitor for the takeover of Hella, Mahle, still generates half of its turnover with gasoline and diesel engines. As for the specialist in exhaust pipes, Eberspächer, it even depends on it at 80%. About 200,000 jobs would be threatened. Continental has already announced the loss of 13,000 jobs in Germany and 30,000 worldwide.