DELFINGEN Industry

Net Sales for 1st quarter 2020

Net Sales for 1^st quarter 2020

Anteuil, May 7th, 2020

 

3% increase in published net sales
Outperformance of the global automotive production by 27 points*

 

In deteriorated market conditions and impacted by the COVID-19 health crisis, growth remains sustained with a 27 points outperformance of global automotive production, excluding currency impact. 

Sales in the Automotive market (82% of total sales) decreased in Asia, but is increasing in Europe and the Americas.  

This strong performance reflects the efforts undertaken to develop growth drivers in both textile tubing for cable and hose protection and technical fluid transfer tubes.

 

Consolidated sales at the end of March 2020

In M€	2020*	2019	Published
Net sales	58.9	57.2	3.0%

 

Organic growth	Exchange rate impact
1.3%	1.7%

In M€	2020*	2019	Published
Automotive Market	48.2	45.8	5.2%
Industrial Market	10.7	11.4	- 6.0%

Organic growth	Exchange rate impact
3,6%	1,6 %
- 8,1%	2,1 %

*Source: IHS March 2020
** Unaudited

Automotive market: growth is 3.6 % in a market that went down by 23 % 

The net sales at constant exchange rates went up by 3.6 % at the end of March 2020 (+ 5.2 % in published data) at a period when the global automotive production went down by  23 %*.

The impact of the exchange rates on - Automotive - sales  at the end of March was favorable of 0.7 M€ mainly due to the parity (€/$).

By business:

• Net sales in the “On-board networks protection“ business (which account for 57 % of overall sales) is stable at + 0 % (+ 1.4 % in published data),
• The “Technical fluid transfer tubes” business went up by 14.5 % at constant exchange rates (+ 17.4 % in published data),
• The “Assembly and logistics services” business went up by 14.2 % at constant exchange rates (+ 14.6 % in published data).