Sales increased by 22% after the entering of the acquisitions in India, China and Germany into the consolidation perimeter. At constant exchange rate and perimeter, the sales have increased by 3.2%.

Automotive sales (at constant exchange rate and perimeter) have been particularly dynamic in America (+ 7%) and China (+ 39%), whereas sales in Europe have suffered from a more difficult market context (- 1.2%).

Despite the improvement of our gross profit margin, the operational performance has dropped for several reasons: support of the integration of the new acquisitions, increase of deployment of sales forces in Asia, 20% growth in R&D spending, launching costs of new sites in Mexico and Thailand.

The group share of net profit is 4.6 M€, up by 49%, benefiting from a favorable currency effect on the financial result and a decrease of the effective tax rate.

The financial structure remains strong with a net financial debt of
27.5 M€ after the acquisitions.
Global automotive production should increase by 2 to 3% in 2015, of which 7% in China and 3% in North America. In this context, Delfingen is banking on a new growth of its sales and an improvement of its financial performance in 2015.

Sales
+ 22%
+ 3.2% at constant scope and exchange rates 
 
Current operating income 
8.7 M€
5.6% of sales

Cashflow
+ 31% 
5.7% of sales
 
Group share of net profit
+ 49%
2.9% of sales 

Dividend per share
+ 52% 
i.e. 0.38€ per share 

DELFINGEN, a global leading manufacturer of protection solutions for electrical wiring and fluid automotive networks
NYSE Alternext Paris - ISIN code: FR 0000054132 - Mnemonic: ALDEL
Next press release: May 11, 2015 - 2015 1st quarter sales
Contact: M. Christophe Clerc: +33 (0)3.81.90.73.00 - www.delfingen.com
 The full press release and all financial information pertaining to the DELFINGEN Group are available on www.delfingen.com