PRESS RELEASE
Net sales for 3 rd quarter 2017 Anteuil, November 6, 2017
Sales are up by 17.2% of which 4.1 % organic growth
Consolidated sales at the end of September 2017
| In M€ | 2017 1 | 2016 | Growth | Without exchange rate impact | Constant perimeter and constant exchange rate | |||||||
| Net Sales | 155.6 | 132.8 | 17.2 % | 17.4 % | 4.1 % | |||||||
| In M€ | 2017 1 | 2016 | Growth | Without exchange rate impact | Constant perimeter and constant exchange rate | |||||||
| Automotive | 121.0 | 117.6 | 2.9 % | 3.2 % | 3.2 % | |||||||
| Specialty markets | 34.6 | 15.2 | 128.1 % | 127.9 % | 11.1 % | |||||||
1 Unaudited
Automotive market: growth is 2.9 % on a market that increased by 2.6 %
The published net sales went up by 2.9 % at the end of September 2017 (the evolution is + 3.2 % at constant perimeter & CER 2 ) at a period when the global automotive production increased by 2.6 %.
Net sales in the "on-board networks protection" business - which account for 62.4 % of overall sales - went up by 4 % (+ 4.6 % at constant perimeter & CER 2 ). The "technical tubing for fluid transfer" business went up by 10.9 % (+ 10.6 % at constant perimeter & CER 2 ). The "mechanical parts assembly" business went down by 25.4 %.
The impact of the exchange rates on sales was unfavorable of - 0.4 M€ at the end of September.
At constant perimeter and exchange rate, sales evolved as follows:
- 1.3 % in Europe-Africa in a market that grew by 2.4 % 3 ;
+ 5.1 % in Americas in a market that went down by 3.7 % 3 ;
+ 7.3 % in Asia, including + 12.7 % in China and + 21.8 % in India, in a market that grew by 3.6 % 3 .
Sales in the automotive division - excluding the "mechanical parts assembly" business - went up by 5.5 % of which + 4.5 % in Europe-Africa.
Specialty markets
Sales in the specialty markets went up by 127.9 %. This very sharp rise was due to:
- the acquisition of Drossbach North America group on January 1 st , 2017
- the sharp improvement of the non-automotive "technical textiles" business (+ 17.6 %)
- the growth of non-automotive "electrical and thermal insulation" business (+ 4.6 %).
The sales increase in the 3 rd quarter of 2017 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 At constant perimeter and constant exchange rate
3 Source: IHS October 2017
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 Next press release: 12/02/2018 - 2017, 4 th quarter sales Contact: M. Christophe CLERC: +33 (0)3.81.90.73.00 - www.delfingen.com
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