DELFINGEN Industry: Net sales for 3rd quarter 2019
08 Novembre 2019 - 05:30PM
DELFINGEN Industry: Net sales for 3rd quarter 2019
Net sales for 3rd quarter 2019Anteuil, November
8th 2019
7.3 % increase in published net
salesOutperformance 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 September
2019
In millions euros |
2019* |
2018 |
Published |
Net sales |
172.9 |
161.1 |
7.3 % |
Croissance organique |
Exchange rates impact |
3.7 % |
3.6 % |
In millions euros |
2019* |
2018 |
Published |
Automotive |
139.1 |
128.1 |
8.5 % |
Specialty Markets |
33.8 |
33.0 |
2.4 % |
Organic growth |
Exchange rates impact |
5.2 % |
3.4 % |
- 2.0 % |
4.4 % |
*Unaudited
Automotive market: growth is 5.2 % in a
market that went down by 6 %
The net sales at constant exchange rates went up
by 5.2 % at the end of September 2019 (+ 8.5 % in published
data) at a period when the global automotive production went down
by 6 %.
The impact of the exchange rates on - Automotive - sales was
favorable of 4.3 M€ at the end of September mainly due to the
parity (€/$).
By business
- Net sales in the “on-board networks protection“ business (which
account for 58 % of overall sales) is stable at + 0.5 % (+ 3.6 % in
published data),
- The “technical fluid transfer tubes” business went up by 19.3 %
at constant exchange rates (+ 21.4 % in published data),
- The “mechanical parts assembly” business went up by 13.7 % at
constant exchange rates (13.4 % in published data).
By region
At constant exchange rates, sales per region evolved as
follow:
- + 2.7 % in Europe - Afrique (33.9 % of - Automotive -
sales) in a market that went down by 4 %**,
- + 7.8 % in the Americas (50.8 % of - Automotive - sales)
in a market that went down by 2 %**,
- + 3.4 % in Asia (15.3 % of - Automotive - sales), including +
2.5 % in India and + 4.2 % in China, in a market that went down by
9 %**.
By quarters
Organic growth |
DELFINGEN |
Automotive Production (IHS
Source) |
Q1 |
+ 5 % |
- 7 % |
Q2 |
+ 3 % |
- 8 % |
Q3 |
+ 8 % |
- 3 % |
** Source IHS september 2019
Specialty markets
Sales in the specialty markets went down by 2 %
at constant exchange rates (+ 2.4 % in published data).
At constant exchange rates:
- Drossbach North America sales went up by 1.5 % (+ 7.8 % in
published data),
- The non-automotive “electrical and thermal insulation” business
went down by 5.4 % (+ 0.1 % in published data),
- The non-automotive “technical textiles” business went down by
4.5 %.
The impact of the exchange rates on - Specialty
markets - sales was favorable of 1.4 M€ at the end of September
mainly due to the parity (€/$).
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.com
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