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DELFINGEN Industry — Earnings Release 2010
May 12, 2010
1252_iss_2010-05-12_a6f5d4bd-1200-4c1e-9d54-951312566618.pdf
Earnings Release
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2010 first quarter sales
May 12th, 2010
T h e r e c o v e r y i s s t i l l p r o g r e s s i n g
| In millions of euros |
2010 | 2009* | Variation | Variation excluding currencies effects |
|---|---|---|---|---|
| Sales | 26.1 | 15.2 | +71.4% | +75.7% |
| Of which: Automotive/Europe-Africa South America (EAAS) |
14.3 | 6.8 | +111.1% | +111.1% |
| Automotive/North America - Central America - Asia (ANCA) |
9.6 | 6.5 | +46.9% | +55.8% |
| Special Markets |
2.2 | 1.9 | +14.4% | +18.4% |
* excluding the sales of sold operations for an amount of € 0.2 M
During the 2010 1st quarter, the automotive production remained on the same levels that during the 2009 4th quarter (+3% globally). Compared to the 2009 1st quarter, the automotive production increased by 64% in North America and 21% in Europe.
The Delfingen Industry Group sales rose by 12% compared to the previous quarter and by 71% compared to the 2009 1st quarter.
In the EAAS area, the automotive sales went on increasing by 111% compared to the 2009 1st quarter. That increase, greatly superior to the market, is mainly due to the increase in importance of the Brazilian plant and to the development of new products and businesses.
In the ANCA area, the automotive sales rose by 56% (at constant parity) compared to the 2009 1st quarter, taking into account that Delfingen withstood better than the market did in 2009.
For Delfingen Industry, 2010 should be marked by the confirmation of the automotive market recovery in North America and the increase of market parts in Europe.