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DELFINGEN Industry — Earnings Release 2016
Feb 10, 2017
1252_iss_2017-02-10_1eb9fe89-8dcd-4ad9-acab-3e3061f588ef.pdf
Earnings Release
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DELFINGEN
Growth is drawn by sales in America, India and China. Refocusing continues on strategic activities
Consolidated sales (January 1st to December 31st)
| In million euros | 2016 1 | 2015 | Growth | Constant perim & CER 2 |
|---|---|---|---|---|
| Net sales | 175.8 | 172.2 | 2.0% | 2.8% |
| In million euros | 2016 1 | 2015 | Growth | Constant perim & CER |
| Automotive | 156.8 | 150.7 | 4.0% | 4.9% |
| Specialty markets | 19.0 | 21.5 | $-11.9\%$ | $-12.0\%$ |
1 Unaudited
2 At constant perimeter and constant exchange rate
Automotive market: growth is 4.9%
• The published net sales are up by 4.0% at the end of December 2016 (the evolution is + 4.9% at constant perimeter & CER) at a period when the global automotive production has increased by 4.8%.
• Net sales in the on-board networks protection business - which account for 71% of overall sales - are up by 5.3% (+ 6.2% at constant perimeter & CER). The technical tubing for fluid transfer business is up by + 10.8% (+ 10.7% at constant perimeter & CER). The mechanical parts assembly business is down by - 8.7%.
• The impact of the exchange rates on sales is unfavorable of 1.2 ME at the end of December
- At constant perimeter and exchange rate, sales are up as follows: o + 2.3% in Europe-Africa at a period when that market arowth is
-
- 3.8%, sales are affected by the decrease of the net sales in the mechanical parts assembly business :
- o + 5.1% in North America at a period when that market growth is $+2.0\%$ ;
- o + 10.6% in Asia, including + 12% in India and + 18% in China, at a period when that market arowth is +7.2%.
Specialty markets
• Specialty markets account for 11% of the sales. Published net sales are down by - 11.9% (- 12.0% at constant perimeter & CER).
On the basis of a 1% to 2% arowth of alobal automotive production for 2017, DELFINGEN confirms its sales arowth objectives of 3% to 5% thanks to accelerating sales in Asia, the development of its range of products for on-board networks protection and by innovation in technical plastic tubing for fluid transfer.
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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: 27/03/2017 - 2016 Annual Results Contact: M. Christophe CLERC: +33 (0)3.81.90.73.00 - www.delfingen.com