Net sales for 1st half-year 2015
Anteuil, July 31, 2015
Published net sales up by 13%
Growth of Core Business and refocusing of activities
Consolidated sales (January 1st to June 30)
| in million euros | 2015* | 2014 | growth | without exchange rate impact |
| Net sales | 90.2 | 79.9 | 12.9 % | 1.0 % |
| in million euros | 2015* | 2014 | growth | without exchange rate impact |
| Automotive | 77.0 | 65.0 | 18.3% | 5.4 % |
| Specialty markets | 13.2 | 14.8 | - 10.8% | - 18.3 % |
| *unaudited |
Automotive market: growth is 4.5 points above global production
- The published net sales are up by 18 % for the 1st half-year of 2015. The evolution is + 5.4 % at constant exchange rate at a period when the global automotive production has increased by 0.9%.
- DELFINGEN group sales benefit from very dynamic sales in Asia, a favorable exposure to the dollar (40% of the sales) and the development of its activities in fluid transfer solutions (+55% at constant exchange rate). The performances are affected by the management of the decrease of the mechanical parts assembly business (- 6%).
- At constant exchange rate, sales are thus up by 3.8% in Europe and 2.4% in North America. Sales in South America (- 7%) are still affected by an adverse context (production down by 16%). DELFINGEN further develops its activities on the Asian market with sales up by 24.3%.
"Specialty markets" sales are affected by the decrease of the HPS activity
- Published net sales are down by 10.8% (down by 18.3% at constant exchange rate).
- The main impact is the phasing out of the HPS activity (hot and cold water tube protection for the building market) on the Anteuil production site. This represents - 1.5 M€ on June 30, - 4M€ by December 31st and in the order of 5M€ for the full year. This gradual stoppage corresponds to a strategic refocusing and it will have no negative impact on the company's profitability.
On the basis of the forecasted 3% growth of global automotive production, DELFINGEN maintains its sales growth objectives above market evolution thanks to accelerating sales in Asia, the development of its range of products for on-board networks protection and by innovation in technical plastic tubing for fluid transfer.
DELFINGEN, a global automotive supplier, and a leading manufacturer of
on-board networks protection solutions and fluid transfer tubing.
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: 14/09/2015 - 2015 1st half-year results
