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DELFINGEN Industry — Earnings Release 2012
Jul 27, 2012
1252_iss_2012-07-27_04d1eb20-89c4-44a8-82bd-a4e4ed284266.pdf
Earnings Release
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2nd quarter sales
July 27th, 2012
2 0 1 2 2 n d q u a r t e r : s a l e s i n c r e a s e d b y 6 . 8 % c o m p a r e d t o t h e 2 0 1 1 2 n d q u a r t e r
| In millions of euros | 2012 | 2011 | Variation | Variation excluding currencies effects |
Automotive production variation* |
|---|---|---|---|---|---|
| Sales | 32.2 | 28.5 | 13.0% | 6.8% | |
| of which: Automotive market: |
29.4 | 26.3 | 12.0% | 5.9% | 10.7% |
| Europe-Africa | 14.2 | 15.4 | -8.0% | -8.0% | -7.2% |
| North and Central America |
11.7 | 8.4 | 38.9% | 23.8% | 27.1% |
| South America |
0.8 | 0.9 | -16.8% | -16.8% | -8.9% |
| Asia | 2.8 | 1.5 | 83.3% | 63.0% | 20.0% |
| Specialty markets |
2.8 | 2.2 | 25.8% | 17.5% |
* Source IHS
Automotive market:
During the 2nd quarter of 2012, the automotive production raised by 11% compared to the 2nd quarter of 2011. This evolution was mixed. Indeed, figures fell by 7% in Europe and by 9% in South America, when in other regions they grew: in Asia: by 20% and in North America: by 27%.
Globally, the Delfingen Industry Group showed an Automotive sales increase of 13% compared to the 2011 2nd quarter (6.8% at constant parity):
• The sales were very dynamic in America and particularly in Asia:
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In North and Central America, the Group fully benefited from the growing market (+10%). Taking advantage of the favourable effect of the parity between dollar and euro, the sales growth reached 39%,
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In Asia:
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The fluid transfer activities in ASEAN increased : we doubled our sales compared to the 2011 2nd quarter
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China also showed a strong sales increase. Indeed, our sales in this country has been multiplied by 4 compared to the 2011 2nd quarter
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We benefited also from the favourable currencies effect compared to the euro, the sales increase reached 83%.
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In South America, it fell by 16.8% (at constant parity), in a market that were 10% down, mainly due to the Brazilian market.
• In Europe, the sales were 8% down, in a downturn market except in Russia.
Specialty markets:
The sales of protection systems to other industries, knew a strong increase (+ 25%) in the USA and in Europe.
Global automotive supplier of protection systems, fluid transfer solutions and assembly tedchnologies