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DELFINGEN Industry — Earnings Release 2008
Feb 11, 2009
1252_iss_2009-02-11_46d77030-6fc9-46ef-aed8-800e4ccc7dbd.pdf
Earnings Release
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DELFINGEN INDUSTRY
4th quarter 2008
Feb. 11th 2009
2008 stable sales
Despite the strong decrease of automotive markets in 2008 (-21% in America and -12% in Europe), the sales of the Group Delfingen Industry remain stable over the year (+0.8%). They progressed at constant rate (+4.0%), due to the acquisition of the 'wiring harness protection' division of M&Q in the ANCA area during the first quarter.
In the 4th quarter, manufacturers and OEMs, both in Europe (-22%) and America (-25%), did not order as much, resulting in a 16.3% decrease of the Group sales with:
• a progression in the ANCA area (+9% at constant rate) that fell strongly compared to the one of the 3rd auarter (+31%).
• a decrease of sales in the FAAS area of -40%
In this context, the Group Delfingen Industry made adjustments in its organization and its production capabilities.
This fiscal year 2008 will be marked by a high decline of the operating income and a net profit in deficit
| In millions of euros |
2008 | 2007 pro forma* |
Variation | Variation excluding currencies effects |
|---|---|---|---|---|
| Sales of which |
91.9 | 91.2 | $+0.8%$ | $+4.0%$ |
| Europe-Africa South America (EAAS) |
50.4 | 56.2 | $-10.3%$ | $-10.3%$ |
| North America - Central America - Asia (ANCA) |
41.5 | 35.0 | $+18.7%$ | $+26.9%$ |
| 1.111 . . |
---- | $- - - -$ | . | Variation وممتلون المعدم |
| In millions of euros |
2008 | 2007 pro forma* |
Variation | ,,,,,,,,,,,,, excludina currencies effects |
|---|---|---|---|---|
| First quarter | 23.9 | 24.1 | $-0.7%$ | $+4.5%$ |
| Second avarter |
27.5 | 23.4 | $+17.4%$ | $+25.5%$ |
| Third auarter | 22.4 | 22.0 | $+1.6%$ | $+6.1%$ |
| Fourth quarter | 18.1 | 21.7 | $-16.3%$ | $-22.2%$ |
* pro forma of 12 calendar months in a 2006-2007 fiscal year of 17 months
The alobal leader in protection and fastening of wiring harnesses 1000 employees in the world
Euronext Paris, compartment C - ISIN code: FR 0000054132 - Mnemonic: DELF
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Next meeting: 'SFAF' meeting: Annual results 2008: 04/29/09 Contact: Mrs Dominique Monange: +33 (0)3.81.90.73.00 - www.delfingen.com