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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