DELFINGEN INDUSTRY - Published revenues of €417 million, up 14.9%, with a strong acceleration in Q4
- Continued outperformance of the automotive market across all our businesses and regions (+5.9 pts in FY 2022)
Sales
Consolidated sales for 4th quarter
| In million euros | Q4 2022* | Q4 2021 | Published | Organic | Exchange rate | Change of perimeter | |
| Net sales | 103.2 | 83.5 | 23.6% | 19.2% | 6.1% | -1.7% | |
| Mobility ** | 89.0 | 71.0 | 25.4% | 21.6% | 5.7% | -2.0% | |
| Industrial *** | 14.2 | 12.5 | 13.4% | 5.2% | 8.1% |
Consolidated sales at end of December
| In million euros | 2022* | 2021 | Published | Organic | Exchange rate | Change of perimeter | |
| Net sales | 417.1 | 363.0 | 14.9% | 10.9% | 6.4% | -2.4% | |
| Mobility ** | 357.2 | 306.2 | 16.7% | 12.1% | 6.0% | -1.5% | |
| Industrial *** | 59.9 | 56.8 | 5.6% | 5.1% | 8.1% | -7.7% |
* unaudited
** 2022 perimeter: sale of the Russian site in May 2022
*** 2021 perimeter: disposal of the technical straps and belts business on June 30, 2021
**** Source: S&P Global Mobility December 2022
- Mobility market: organic growth of 21.6% in Q4 and 12.1% to end December
By business segment:
In the fourth quarter, DELFINGEN further accelerated its growth with a 21.6% increase in sales at constant exchange rates and scope of consolidation (25.4% on a reported basis) in a market that grew by 2.8%****
At the end of December 2022, revenues at constant exchange rates and scope of consolidation were up 12.1% (16.7% on a reported basis) in a market that grew by 6.2%****.
Global automotive production has evolved as follows in 2022:
- In Europe/Africa: a decrease of 0.1%, DELFINGEN achieves 49% of its Mobility activity in this region.
- In America: growth of 9.5%, DELFINGEN achieves 37% of its Mobility activity in this region.
- In Asia: growth of 7.7%, DELFINGEN achieves 14% of its Mobility activity in this region.
The exchange rate effect at the end of December was positive by €18.5 million, mainly due to the parity (€/$).
Q4 2022 revenues:
| In million euros | Q4 2022* | Q4 2021 | Published | Organic | Exchange rate | |
| Protection systems | 70.4 | 57.6 | 22.3% | 17.1% | 5.2% | |
| Fluid transfer | 15.5 | 11.4 | 35.9% | 27.2% | 8.7% | |
| Others | 3.2 | 2.1 | 52.1% | 49.2% | 2.9% | |
| TOTAL Mobility | 89.0 | 71.0 | 25.4% | 21.6% | 5.7% |
Chiffre d'affaires cumulé à fin décembre 2022 :
| In million euros | 2022* | 2021 | Published | Organic | Exchange rate | |
| Protection systems | 282.2 | 249.0 | 13.3% | 7.8% | 5.5% | |
| Fluid transfer | 63.7 | 47.9 | 32.9% | 24.0% | 8.9% | |
| Others | 11.4 | 9.3 | 22.6% | 17.4% | 5.2% | |
| TOTAL Mobility | 357.2 | 306.2 | 16.7% | 12.1% | 6.0% |
By region:
| In million euros | 2022* | 2021 | Published | Organic | Exchange rate | Automotive Market Evolution **** | Performance vs. Organic (pts) | ||
| Americas | 132.8 | 97.0 | 36.9% | 21.7% | 15.2% | 9.5% | 12.2 | ||
| Europe - Africa | 176.0 | 174.5 | 0.9% | 3.4% | 0.1% | -0.1% | 3.5 | ||
| Asia | 48.4 | 34.7 | 39.4% | 29.1% | 10.3% | 7.7% | 21.4 | ||
| TOTAL Mobility | 357.2 | 306.2 | 16.7% | 12.1% | 6.0% | 6.2% | 5.9 | ||
By quarter:
| In million euros | 2022* | 2021 | Published | Organic | Exchange rate | New perimeter | |
| Q1 | 87.7 | 84.7 | 3.5% | 0.3% | 3.2% | ||
| Q2 | 85.3 | 77.6 | 9.8% | 5.5% | 6.5% | -2.1% | |
| Q3 | 95.3 | 72.8 | 30.8% | 23.5% | 9.2% | -1.9% | |
| Q4 | 89.0 | 71.0 | 25.4% | 21.6% | 5.7% | -2.0% |
- Industrial Market
In the fourth quarter, Industrial Market sales were up 5.2% at constant exchange rates and scope of consolidation (13.4% on a reported basis).
At the end of December 2022, Industrial Market sales were up 5.1% at constant exchange rates and scope of consolidation (5.6% on a reported basis), with a negative impact (-7.7%) of the change in scope of consolidation following the disposal of the "Technical straps and belts" business in June 2021.
Note the good sales dynamics of the "Electrical and Thermal Insulation" activity (+13.9% at constant exchange rates) and of Drossbach (+4.9% at constant exchange rates).
The exchange rate effect at the end of December was positive by €4.6 million due to the parity (€/$).
Perspectives
According to S&P Global Mobility estimates published in January 2023, global automobile production will grow by 4% in 2023.
DELFINGEN remains cautious about market expectations and the factors that could impact it (energy prices, geostrategic tensions, etc.).
However, considering its strategic positioning in the protection of electrical wiring solutions - especially through the leverage of its textile solutions, and its leadership and global presence, DELFINGEN expects sales to reach around €450 million in 2023, i.e. an expected growth of 8%.
« Safe Harbor » Statement
Although DELFINGEN's management believes that these forward-looking statements are reasonable as of the date of this document, investors are cautioned that forward-looking statements are subject to numerous factors, risks and uncertainties, many of which are difficult to predict and generally beyond DELFINGEN's control, that could cause actual results and events to differ materially from those expressed or implied in the forward-looking statements.
DELFINGEN, a global leader in protection and routing solutions
for electric and fluid on-board networks
WWW.DELFINGEN.COM
| EURONEXT Growth Paris Code ISIN : FR 0000054132 Mnémonique : ALDEL |
Next press release: March 31, 2023 2022 Annual Results Contact: Mr. Christophe Clerc: +33 (0)3.81.90.73.00 |
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Regulated information:
Inside Information:
- Information on annual revenues
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