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.

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

 

Attachment

• PR Q3 2020