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DELFINGEN Industry Earnings Release 2008

Nov 12, 2008

1252_iss_2008-11-12_a10f8eba-5ea6-4040-8927-421dc7622c53.pdf

Earnings Release

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The global leader in protection and fastening of wiring harnesses

Euronext Paris, compartiment C

ISIN code: FR 0000054132

Mnemonic code: DELF

1,250 employees in the world

Next press release: 2008 4th quarter sales: 02/11/2009

Contact: Mrs Dominique Monange +33(0)3.81.90.73.00

www.delfingen.com

3 rd quarter 2008: Sales are still progressing

November 12th, 2008

In millions of euros 2008 2007
pro forma*
Variation Variation
excluding
currencies
effect
Sales 73.8 69.5 +6.2% +12.1%
Of which
Europe – Africa – South
America (EAAS)
42.1 42.4 - 0.6% - 0.6%
North & Central America
– Asia (ANCA)
31.7 27.1 +16.8% +32.1%

Sales of the Delfingen Industry Group increased strongly (+12.1% at constant rate), due to the acquisition, during the 1st quarter, of the 'wiring harness protection' division of M&Q. It concerned the ANCA area.

That progression is however slowed down on the 3rd quarter (+6.1%):

  • A progression in the ANCA area (+31%) that dropped compared to the one of the 2nd quarter (+62%),
  • A decrease of sales in the EAAS area of -11%, due to the market.

The Delfingen Industry Group is anticipating a strong fall of the automotive market in the 4th quarter. In this context, Delfingen Industry:

  • Expects sales in the 4th quarter 2008 equal to the one of the 4th quarter 2007,
  • Took drastic measures to adjust its expenses. The effects will be detected as from January 2009,
  • And notes a significant temporary weakening of its operating profit.
In millions of euros 2008 2007
pro forma*
Variation Variation
excluding
currencies
effect
First quarter 23.9 24.1 - 0.7% +4.5%
Second quarter 27.5 23.4 +17.4% +25.5%
Third quarter 22.4 22.0 +1.6% +6.1%

* pro forma of 12 calendar months in a 2006-2007 fiscal year of 17 months