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DELFINGEN Industry — Earnings Release 2015
Jul 31, 2015
1252_iss_2015-07-31_937b7a46-0caf-4fc8-b5b1-c7a068c57df8.pdf
Earnings Release
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DELFINGEN
PUBLISHED NET SALES UP BY 13%
Growth of Core Business and refocusing of activities
Automotive market: growth is 4.5 points above alobal production
. The published net sales are up by 18% for the 1st half-year of 2015. The evolution is + 5.4% at constant exchange rate at a period when the alobal automotive production has increased by 0.9%.
• DELFINGEN aroup sales benefit from very dynamic sales in Asia, a favorable exposure to the dollar (40% of the sales) and the development of its activities in fluid transfer solutions (+ 55% at constant exchange rate). The performances are affected by the management of the decrease of the mechanical parts assembly business (- 6%).
• At constant exchange rate, sales are thus up by 3.8% in Europe and 2.4% in North America. Sales in South America (- 7%) are still affected by an adverse context (production
down by 16%). DELFINGEN further develops its activities on the Asian market with sales up by 24.3%.
"Specialty markets" sales are affected by the decrease of the HPS activity
. Published net sales are down by 10.8% (down by 18.3% at constant exchange rate).
• The main impact is the phasing out of the HPS activity (hot and cold water tube protection for the building market) on the Anteuil production site. This represents - 1.5 M€ on June 30. - 4M€ by December 31st and in the order of 5M€ for the full year. This aradual stoppage corresponds to a strategic refocusing and it will have no negative impact on the company's profitability.
On the basis of the forecasted 3% arowth of alobal automotive production, DELFINGEN maintains its sales arowth objectives above market evolution thanks to accelerating sales in Asia, the development of its range of products for onboard networks protection and by innovation in technical plastic tubina for fluid transfer.
ALDEL
LISTED
NYSE
ALTERNEXT
MiddleNext
DELFINGEN, a global automotive supplier and a leading manufacturer of on-board networks protection solutions and fluid transfer tubing. NYSE Alternext Paris - ISIN code: FR 0000054132 - Mnemonic: ALDEL Next press release: 14/09/2015 - 2015, 1st half-year results Contact: M. Christophe CLERC: +33 (0)3.81.90.73.00 - www.delfingen.com