DELFINGEN Industry

Net sales for 1st semester 2020 - DELFINGEN demonstrates its ability to adapt to rapid changes in the automotive market and extreme economic conditions

PRESS RELEASE

Anteuil, August 7^th, 2020

 

Net sales for 1^st semester 2020
DELFINGEN demonstrates its ability to adapt to rapid changes in the automotive market and extreme economic conditions

 

In this period of crisis with the virtual halt in global automotive production in April and May, DELFINGEN has prioritized: 

• the absolute protection of its collaborators,
• the confirmation of its strategic orientations for a more ecological and autonomous mobility,
• the securing of its liquidity position, the adaptation of its cost structure and the control of its debts. 

In the first half of 2020, DELFINGEN recorded a revenue of €84 million, a decrease of 27 % compared to the first half of 2019. 

Consolidated sales at the end of June 2020

In million euros	2020*	2019		Published
Net sales	84.0	114.5		- 26.6 %

 

Organic	Exchange rates  impact
- 27.3 %	0.7 %

 

In million euros	2020*	2019		Published
Automotive	66.5	91.6		- 27.4 %
Industrial Market	17.6	22.9		- 23.2 %

 

Organic	Exchange rates  impact
- 28.0 %	0.6 %
- 24.7 %	1.5 %

* Unaudited

 

Automotive market: outperformance of the market by 7 points**

Net sales at constant exchange rates are down by 28 % at the end of June 2020 (- 27.4 % in published data),while the global automotive production decreased by 35 %**.

The impact of the exchange rates on - Automotive - sales at the end of June was favorable by €0.5 million, mainly due to the parity (€/$).

By business:

All businesses outperformed the automotive market, with the exception of the Interior Trim Fastening business, which was mainly impacted by the sharp decline in the Indian market.

In million euros	2020	2019	Published	Organic	Exchange rates  impact
Protection systems	47.5	66.9	- 28.9 %	- 29.4 %	0.5 %
Fluid Transfer Tubing	13.3	17.0	- 22.0 %	- 23.6 %	1.6 %
Assembly and