Net Sales for 2nd quarter 2019
Anteuil, August 2nd 2019
5.9 % increase in published net sales
Outperformance of the global automotive production by 11 points
In deteriorated market conditions, growth remains sustained with an 11 points outperformance of global automotive production. Sales in the Automotive market (80 % of total sales) increased in all market segments and all regions.
This strong performance reflects the efforts undertaken to develop growth drivers in both textile tubing for cable and hose protection and technical fluid transfer tubes.
Consolidated sales at the end of June 2019
| In millions euros | 2019(1) | 2018 | Published |
| Net Sales | 114.5 | 108.1 | 5.9 % |
| Organic growth | Exchange rates impact |
| 2.4 % | 3.6 % |
| In millions euros | 2019(1) | 2018 | Published |
| Automotive | 91.6 | 85.6 | 7.1 % |
| Specialty Markets | 22.9 | 22.5 | 1.7 % |
| Organic growth | Exchange rates impact |
| 3.8 % | 3.2 % |
| - 3.2 % | 4.8 % |
(1) Unaudited
Automotive market: growth is 3.8 % in a market that went down by 6.7 %
The net sales at constant exchange rates went up by 3.8 % at the end of June 2019 (+ 7.1 % in published data) at a period when the global automotive production went down by 6.7 %.
Net sales in the “on-board networks protection“ business (which account for 58 % of overall sales) is stable at - 0.2 % (+ 2.8 % in published data).
The “technical fluid transfer tubes” business went up by 15.3 % at constant exchange rates (+ 21.4 % in published data).
The “mechanical parts assembly” business went up by 12.9 % at constant exchange rates (+ 11.8 % in published data).
The impact of the exchange rates on - Automotive - sales was favorable of + 2.8 M€ at the end of June mainly due to the parity (€/$).
At constant exchange rates, sales per region evolved as follow:
- + 2.1 % in Europe - Africa (35.6 % of - Automobile - sales) in a market that went down by 8.4 %(2),
- + 5.7 % in the Americas (49.4 % of - Automobile - sales) in a market that went down by 2.6 %(2),
- + 2.4 % in Asia (15.1 % of - Automobile - sales) including + 6.5 % in India and + 0.4 % in China, in a market that went down by 7.4 %(2).
(2) Source IHS July 2019
Specialty markets
Sales in the specialty markets went down by 3.2 % at constant exchange rates (+ 1.7 % in published data).
At constant exchange rates:
- Drossbach North America sales went down by 1.6 % (+ 5.4 % in published data),
- The non-automotive “electrical and thermal insulation” business went down by 6.2 % (+ 0 % in published data),
- The non-automotive “technical textiles” business went down by 3.0 %.
The impact of the exchange rates on - Specialty markets - sales was favorable of + 1.0 M€ at the end of June mainly due to the parity (€/$).
The increase in sales at constant exchange rates in 2019 confirms DELFINGEN’s growth potential, in line with its strategic plan: leadership in the protection of on-board network solutions and diversification in the field of technical fluid transfer tubes.
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’s mission is to protect it by providing even more innovative solutions and with more added value.
DELFINGEN, a global leader in protection and routing solutions
for electric and fluid on-board networks.
EURONEXT GROWTH Paris - ISIN Code : FR 0000054132 - Mnemonic : ALDEL
Contact: M. Christophe CLERC : +33 (0)3.81.90.73.00 - www.delfingen.com
Next press release : 09.06.2019 –2019 1st Half-year results
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