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DELFINGEN Industry Earnings Release 2016

Aug 1, 2016

Earnings Release

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Consolidated sales (January 1st to June 30)

In million euros	2016 ¹	2015	Growth	Constant perim & CER ²
Net sales	90.4	88.8	$1.8\%$	3.0%
In million euros	2016 ¹	2015	Growth	Without exchange rate impact
Automotive	80.0	77.0	4.0%	5.4%
Specialty markets	10.4	11.8	$-12.7%$	$-12.7\%$

¹ Unaudited

² At constant perimeter and constant exchange rate

. The published net sales are up by 4.0% in the 1st half-year of 2016 (the evolution is + 5.4% at constant perimeter & CER) at a period when the global automotive production has increased by 2.3%.
Net sales in the wire-harness protection business which account for 70% of overall sales - are up by 3.7% (+ 5.2% at constant perimeter & CER). The technical tubing for fluid transfer business maintains a sustained arowth rate: + 10.3%. The mechanical parts assembly business is down by - 1.7%.
The impact of the exchange rates on sales is unfavorable of -1M€ on the 1st half-year.
At constant perimeter and exchange rate, sales are up as follows: o + 5.5% in Europe at a period when that market arowth is + 4.5% : o + 5.9% in North America at a period when that market arowth is $+3.3\%$ :
o + 5.2% in Asia, including + 21% in India and + 12% in China, at a period when that market growth is + 2.5%.

• Specialty markets account for 11% of the sales. Published net sales are down by -12.7%.