DELFINGEN Industry: 2017, 1st Half-Year Results


Anteuil, September 11, 2017


Sales are up by 18.5%
and the operating income by + 15.3%

A presence in 20 countries
38 sites: R&D, Logistics, Production and Sales

Net sales Current operating income Operating income Group share of net profit Cashflow from operating activities
+ 18.5% 7,1% of sales + 15.3% + 7.7% 2.9 M€
+ 5.6% CSER 1 7.6 M€7.1% of net sales2.8% of sales+ 1.7 M€ compared to 2016


In M€ 1 st HY 2017 1 st HY 2016
Net sales107.190.4
Current operating income7.67.7
Operating income7.66.6
Group share of net profit3.02.8
Cashflow from operating activities2.91.2
Net financial debt51.738.8


Net sales have increased by 18.5%, which represents + 5.6%at constant scope.

Sales in the Automotive division, representing 79% of the overall sales, are up by 5.0% (+ 3.6% CSER 1 ). Global automotive growth for the same period is + 3.8% 2 . Sales in the "on-board networks protection" activity are up by 6.6% (+ 5.3% CSER 1 ) with a particularly dynamic evolution in Asia (+ 9.4% CSER 1 ) and in the Americas (+ 7.5% CSER 1 ). The activity of "technical tubing for fluid transfer" records an increase of 15.0% (+12.8% CSER 1 ). The performances were affected by the management of the downsizing of the" mechanical parts assembly" business (- 26%).

Sales in the Specialty markets are up by 119.6% mainly due to the impact of the DROSSBACH NA group acquisition (net sales of 11.7 M€ in 2017,1 st half-year) and to the growth of the non-automotive technical textiles business (up by 13.2%).

In 2017, 1 st half-year, DELFINGEN has generated a current operating income of 7.6. M€, which represents 7.1% of sales (8.3 % in 2016) with an improvement of the gross margin by 2.3 percentage points with important efforts to support the growth plan. The operating income is 7.6 M€ (up by 15.3%), the year 2016 having been impacted by one-off charges totaling 1.0 M€. The net profit amounts to 3.0 M€ (which represents 2.8% of sales), up by 7.7%.

The Group's net financial debt is at 51.7 M€ on June 30, 2017, compared to 38.8.M€ on June 30, 2016, due to the acquisition of the DROSSBACH NA group. The Gearing is 89%.

The forecast for global automotive production is an increase of 2 to 3%. In this environment and on the basis of the raw material costs remaining on line with the present levels, DELFINGEN expects further growth of its net sales and its operating margin in 2017. DELFINGEN confirms its 5-year strategic plan both in term of business growth and operating income objectives

(1) CSER: at constant scope and exchange rates
(2 ) Source: IHS

DELFINGEN, a global automotive supplier, and a leading manufacturter of on-board networks protection solutions and fluid transfer tubing.
EURONEXT Growth Paris - ISIN code: FR 0000054132 - Mnemonic code: ALDEL
Next press release: November 6, 2017 - 2017, 3 rd  quarter sales
Contact: M. Christophe Clerc : +33 (0) -
The full press release and all financial information pertaining to the DELFINGEN Group are available on

DELFINGEN_PR_2017 1st Half-Year Results

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Source: DELFINGEN Industry via GlobeNewswire