Press release
Net sales for 3rd quarter 2018
Anteuil, November 5th, 2018
Sales are up by 9.9 % at constant exchange rates over the first nine months and up by + 10.6 % for the 3rd quarter
Consolidated sales at the end of September 2018
| In millions euros | 2018¹ | 2017 | Published |
| Net sales | 161.1 | 155.6 | 3.6 % |
| Organic growth | Exchange rates impact |
| 9.9 % | - 6.4 % |
| In millions euros | 2018¹ | 2017 | Published |
| Automotive | 128.1 | 121.0 | 5.9 % |
| Specialty markets | 33.0 | 34.6 | - 4.5 % |
| Organic growth | Exchange rates impact |
| 12.6 % | - 6.8 % |
| 0.5 % | - 5.0 % |
¹ Unaudited
Automotive market: growth is 12.6 % in a market that increased by 1.6 %
The net sales at constant exchange rates went up by + 12.6 % at the end of September 2018 (+ 5.9 % in published data) at a period when the global automotive production went up by + 1.6 %.
Net sales in the "on-board networks protection" business - which account for 60.2 % of overall sales - went up by 6.6 % at constant exchange rates (+ 0.1 % in published data).
The "technical tubing for fluid transfer" business went up by + 58.2 % at constant exchange rates (+ 49.6 % in published data), with the production of our plant in Celaya (Mexico) that ramp up.
The "mechanical parts assembly" business went up by + 3.3 % at constant exchange rates (- 1.9 % in published data).
The impact of the exchange rates on - Automotive - sales was unfavorable of - 8.1 M€ at the end of September mainly due to the parity (€/$).
At constant exchange rates, sales per region evolved as follows:
+ 8.6 % in Europe-Africa (36.1 % of - Automotive - sales) in a market that went up by + 2.3 %²;
+ 18 % in Americas (48.4 % of - Automotive - sales) in a market that went down by - 1.5 %²;
+ 4.5 % in Asia (15.5 % of - Automotive - sales) including + 24.1 % in India and + 3.9 % in China, in a market that went up by + 2 %².
Specialty markets
Sales in the specialty markets went up by + 0.5 % at constant exchange rates (- 4.5 % in published data).
- Sales of Drossbach North America are stable (+ 0.5 %);
- The non-automotive "electrical and thermal insulation" business went up by + 7.7 %;
- The non-automotive "technical textiles" business went down by - 3.3 %.
The impact of the exchange rates on - Specialty markets - sales was unfavorable of - 1.7 M€ at the end of September mainly due to the parity (€/$).
At a period when the global automotive market should grow by 2 % and regarding the strong increase at constant exchange rates over the first nine months, DELFINGEN confirms a growth of its net sales for 2018.
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 September 2018
DELFINGEN, a global automotive supplier and a leading manufacturer of on-board networks protection solutions and fluid transfer tubing.
EURONEXT GROWTH Paris Code ISIN : FR 0000054132 Mnémonic : ALDEL
Next press release: February 11th 2019, Net sales for 4th quarter 2018
www.delfingen.com
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