DELFINGEN Industry
Net Sales for 3rd quarter 2020 - Seite 3
In millions euro | Published | Organic | Exchange rates |
Americas | - 16.7 % | - 29.0 % | 12.3 pts |
Europe - Africa | - 15.2 % | - 29.0 % | 13.8 pts |
Asia | - 21.7 % | - 17.0 % | - 4.7 pts |
By quarters:
In millions euro | 2020 | 2019 | Published | Organic | Exchange rates |
Automotive market evolution |
Performance |
Q1 | 48.2 | 45.8 | 5.2 % | 3.6 % | 1.6 % | - 23.0 % | 26.6 pts |
Q2 | 18.3 | 45.8 | - 60.1 % | - 59.7 % | -0.4 % | -39.4 % | -20.3 pts |
Q3 | 49.0 | 47.5 | 3.3 % | 6.7 % | - 3.4 % | - 4.6 % | 11.3 pts |
Industrial Market:
Industrial Market decreased by 22.1 % at constant exchange rates and on a published data.
At constant exchange rates,
• Drossbach North America sales went down by 19.8 % (same change on a published data);
• The “Electrical and thermal insulation” business went down by 17.4 % (-17.5 % in published data);
• The “Technical Belts and straps” business went down by 29.4 % (same change on a published data).
The impact of the exchange rates on - Industrial market - sales was not significant at the end of September.
CHANGE OF PERIMETER
Schlemmer’s Europe-Africa activities
Schlemmer’s Europe-Africa perimeter was integrated on September 1st. The September figures are in line with those expected at the
time of acquisition.
The proforma analysis of sales shows a breakdown of approximately 93 % in the Automotive Market and 7 % in the Industrial Market.
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Perspectives:
Delfingen’s strong commercial performance in the third quarter confirms the company’s strategic positioning in a fast-changing automotive market with
accelerating demand for hybrid and electric vehicles.
Delfingen’s mission is to protect the electrical wiring, the true vehicles’ nervous system.
The Group estimates the decline in activity for the 2020 fiscal year (excluding changes in the scope of consolidation) to be in the range of -15 to -20 % with, nevertheless, a positive operating
margin from recurring operations.
Investors are invited to refer to the Press Release regarding the launch of a capital increase with maintenance of the preferential subscription right, published today.
** source : IHS octobre 2020
DELFINGEN, a global leader in protection and routing solutions
for electric and fluid on-board networks
EURONEXT Growth Paris - Code ISIN : FR 0000054132 - Mnemonic: ALDEL
Next press release: February 5th, 2021 - Fourth quarter 2020 net sales
Contact: Mr. Christophe Clerc : +33 (0)3.81.90.73.00 - www.delfingen.com
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