DELFINGEN Industry: Net Sales for 4th quarter 2019
07 Février 2020 - 5:35PM
DELFINGEN Industry: Net Sales for 4th quarter 2019
Net Sales for 4th quarter 2019Anteuil,
February 7th, 2020
7.7 % increase in published net
sales Outperformance of the global automotive
production by 12 points
In deteriorated market conditions, growth remains sustained with
a 12 points outperformance of global automotive production. Sales
in the Automotive market (81 % 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 fluids transfer
tubes.
Consolidated sales at the end of December 2019
In millions euros |
2019* |
2018 |
Published |
Organic growth |
Exchange rates impact |
Net sales |
230.5 |
214.0 |
7.7 % |
4.5 % |
3.2 % |
In millions euros |
2019* |
2018 |
Published |
Organic growth |
Exchange rates impact |
Automotive |
186.8 |
170.8 |
9.4 % |
6.3 % |
3.1 % |
Industrial |
43.6 |
43.3 |
0.9 % |
-2.9 % |
3.8 % |
*Unaudited
Automotive market: growth is 6.3 % in a market that went down
by 5.8 %
The net sales at constant exchange rates went up
by 6.3 % at the end of December 2019 (+ 9.4 % in published
data), at a period when the global automotive production went down
by 5.8 %**. The impact of the exchange rates on - Automotive -
sales was favorable of 5.3 M€ at the end of December mainly due to
the parity (€/$).By business:
- Net sales in the “On-board
networks protection“ business (which account for 57.5 % of overall
sales) is stable at + 0 % (+ 2.7 % in published data),
- The “Technical fluids transfer
tubes” business went up by 26.6 % at constant exchange rates (+
32.1 % in published data),
- The “Assembly and logistic
services” business went up by 16.8 % at constant exchange rates (17
% in published data).
By region:At constant exchange rates, sales per
region evolved as follow:
- + 4.6 % in Europe - Africa (34 %
of - Automotive - sales) in a market that went down by 6.1
%**,
- + 8.1 % in the Americas (50.7 %
of - Automotive - sales) in a market that went down by 4 %**,
- + 5.6 % in Asia (15.3 % of -
Automotive - sales), including + 3.1 % in India and + 6.4 % in
China, in a market that went down by 6.4 %**.
** Source: IHS December 2019
Industrial market
Sales in the Industrial market went down by 2.9 % at
constant exchange rates (+ 0.9 % in published data).
At constant exchange rates:
- Drossbach North America sales
went up by 1.7 % (+ 7.2 % in published data),
- The non-automotive “Electrical
and thermal insulation” business went down by 5.1 % (+ 0.3 %
in published data),
- The non-automotive “Technical
belts and straps” business went down by 8.5 %.
The impact of the exchange rates on - Industrial market - sales
was favorable of 1.6 M€ at the end of December mainly due to the
parity (€/$).
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 - Code ISIN : FR 0000054132 - Mnemonic:
ALDELContact: Mr. Christophe CLERC : +33 (0)3.81.90.73.00 -
www.delfingen.comNext Press Release: 03/27/2020 – 2019 Annual
results
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