DELFINGEN Industry : sales are up by 7.5 % at constant exchange rates

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| Source: Delfingen Industry
multilang-release

Net sales for 1st quarter 2018
Anteuil, May 7, 2018



Sales are up by 7.5 % at constant exchange rates

Consolidated sales at the end of March 2018


In millions euros 2018* 2017 Published Organic growth Exchange rate impact
Net sales 53.1 54.6 -  2.7 % 7.5 % - 10.2%
      
In millions euros 2018* 2017 Published Organic growth Exchange rate impact
Automotive 42.0 43.0 - 2.2 % 8.0 % - 10.2 %
Specialty markets 11.0 11.6 - 4.6 % 5.7 % - 10.3 %
*non audited      


Automotive market: growth is 8 %  in a market that went down by 0.7 %


The net sales at constant exchange rate went up by 8 % at the end of March 2018 at a period when the global automotive production went down by 0.7 %.


The exchange rates had a negative impact by 10.2 % conducting to a sales decrease by 2.2 % in published data.


Net sales in the "on-board networks protection" business  - which account for 60.6 % of overall sales - went up by 3.6 % at constant exchange rate (- 6.4 % in published data). The "technical tubing for fluid transfer" business went up by 42.6 % at constant exchange rate (+ 28 % in published data), with the production of our plant in Celaya (Mexico) that ramp up. The "mechanical parts assembly" business went down by 4.9 % at constant exchange rate (- 8.7 % in published data).


The impact of the exchange rates on - Automotive - sales was unfavorable of 4.4 M€ at the end of March mainly due to the parity (€/$).


At constant exchange rate, sales per region evolved as follows:

  • + 5.6 % in Europe-Africa (38 % of - Automotive - sales) in a stable market, + 0.2 %2;
  • + 12.1 % in Americas (44 % of - Automotive - sales) in a       market that went down by 2.9 %2;
  • + 0.2 % in Asia (16% of - Automotive - sales) including + 29 % in India and - 1 % in China, in a market that went down by 0.9 %2.



Specialty markets


Sales in the specialty markets went up by 5.7 % at constant exchange rates. The exchange rates had a negative impact by 10.3 % conducting to a sales decrease by 4.6 %.


This sales growth at constant exchange rate was due to:

  • the sharp growth of Drossbach North America (+ 13.9 %);
  • the growth of non-automotive "electrical and thermal insulation" business (+ 8.8 %);
  • the decrease of the non-automotive "technical textiles" business (- 10.4 %)


The impact of the exchange rates on - Specialty markets - sales was unfavorable of 1.2 M€ at the end of March mainly due to the parity (€/$).


The sales increase at constant exchange rate in 2018 confirms DELFINGEN growth potential, in line with its strategic plan: leadership in on-board networks  protection and diversification in fluid transfer technical tubing.


With the increase of media content and safety constraints, the development of hybrid and electric engines along with the advent of connected and autonomous cars, wire harnesses have truly become the nervous system of a vehicle. DELFINGEN mission is to protect it by providing even more innovative solutions and with more added value.



2 Source: IHS April 2018



DELFINGEN, a global automotive supplier and a leading manufacturer of on-board networks protection solutions and fluid transfer tubing.

EURONEXT GROWTH Paris - ISIN Code : FR 0000054132 - Mnemonic : ALDEL

M. Christophe CLERC : +33 (0)3.81.90.73.00 - www.delfingen.com

Next press release : 30/07/2018 - Net sales for 2nd quarter 2018

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