Net sales for 1st quarter 2015
Anteuil, May 11, 2015
PUBLISHED NET SALES UP BY 11.7%
Consolidated sales (January 1st to March 31st)
| in million euros | 2015* | 2014 | Growth | Without exchange rate impact |
| Net sales | 44.4 | 39.8 | 11.7% | 0.2% |
| in million euros | 2015* | 2014 | Growth | Without exchange rate impact |
| Automotive | 37.5 | 32.6 | 14.9% | 2.7% |
| Specialty markets | 6.9 | 7.2 | - 3.1% | - 11.2% |
| *unaudited |
Overperformance of automotive sales compared to market evolution
- The published net sales are up by 15% in the 1st quarter of 2015. The evolution is + 2.7% at constant exchange rate at a period when the global automotive production has increased by 0.9%. Net sales for Delfingen group benefit from the very dynamic sales in Asia and a favorable exposure to the dollar (40% of the sales).
- At constant exchange rate, sales are stable in Europe and North America. Sales in South America (- 6%) continue to suffer from an adverse context (production down 14%). Delfingen further develops its activities in Asia with sales up by 23.6%.
The "specialty markets" sales are affected by the decrease of the HPS activity
- Published net sales are down by 3.1% (down by 11.2% at constant exchange rate).
- The main impact is the gradual stop of the HPS activity (located in Anteuil) consisting in protecting hot & cold water tubes used in the building/construction business. This represents - 0.6 M€ on March 31st, - 4 M€ by December 31st and in the order of 5 M€ for the full year. The stoppage of this activity corresponds to a strategic refocusing and it will have no negative impact, whether in human terms or on the company's profitability.
The forecast concerning the evolution of global automotive production is + 3%. Delfingen maintains its sales growth objectives above market evolution thanks to its buoyant sales in Asia, the development of its range of products related to on-board networks protection and by innovation in technical plastic tubing.
DELFINGEN, a global leading manufacturer of protection solutions for electrical wiring and fluid automotive networks.
NYSE Alternext Paris - ISIN code: FR 0000054132 - Mnemonic: ALDEL
Contact: Mr. Christophe CLERC: +33 (0)3.81.90.73.00 - www.delfingen.com
Next press release: July 31, 2015 - 2015, 1st half-year net sales
