Delfingen Industry : Net sales for 1st quarter 2018

Sales are up by 7.5 % at constant exchange rates

Consolidated sales at the end of March 2018

In millions euros	20181	2017	Published
Net sales	53.1	54.6	- 2.7 %

Organic growth	Exchange rate impact
7.5 %	- 10.2 %

In millions euros	20181	2017	Published
Automotive	42.0	43.0	- 2.2 %
Specialty markets	11.0	11.6	- 4.6 %

1 Unaudited

Automotive market: growth is 8 % in a market that went down by 0.7 %

Organic	Exchange
growth	rate impact
8.0 %	- 10.2 %
5.7 %	- 10.3 %
Specialty markets

The net sales at constant exchange rate went up by 8 % at the end of March 2018 at a period when the global automotive production went down by 0.7 %.

Sales in the specialty markets went up by 5.7 % at constant exchange rates. The exchange rates had a negative impact by 10.3 % conducting to a sales decrease by 4.6 %.

The exchange rates had a negative impact by 10.2 % conducting to a sales decrease by 2.2 % in published data.

Net sales in the "on-board networks protection" business - which account for 60.6 % of overall sales - went up by 3.6 % at constant exchange rate (- 6.4 % in published data).

The "technical tubing for fluid transfer" business went up by 42.6 % at constant exchange rate (+ 28 % in published data), with the production of our plant in Celaya (Mexico) that ramp up. The "mechanical parts assembly" business went down by 4.9 % at constant exchange rate (- 8.7 % in published data).

The impact of the exchange rates on - Automotive - sales was unfavorable of 4.4 M€ at the end of March mainly due to the parity (€/$).

This sales growth at constant exchange rate was due to:

• • the sharp growth of Drossbach North America (+ 13.9 %);

• • the growth of non-automotive "electrical and thermal insulation" business (+ 8.8 %);

• • the decrease of the non-automotive "technical textiles" business (- 10.4 %)

The impact of the exchange rates on - Specialty markets - sales was unfavorable of 1.2 M€ at the end of March mainly due to the parity (€/$).

The sales increase at constant exchange rate in 2018 confirms DELFINGEN growth potential, in line with its strategic plan: leadership in on-board networks protection and diversification in fluid transfer technical tubing.

At constant exchange rate, sales per region evolved as follows:

• • + 5.6 % in Europe-Africa (38 % of - Automotive - sales) in a stable market, + 0.2 %2;

• • + 12.1 % in Americas (44 % of - Automotive - sales) in a market that went down by 2.9 %2;

• • + 0.2 % in Asia (16% of - Automotive - sales) including + 29 % in India and - 1 % in China, in a market that went down by 0.9 %2.

EURONEXT GROWTH Paris ISIN Code: FR 0000054132 Mnemonic: ALDEL

With the increase of media content and safety constraints, the development of hybrid and electric engines along with the advent of connected and autonomous cars, wire harnesses have truly become the nervous system of a vehicle. DELFINGEN mission is to protect it by providing even more innovative solutions and with more added value.

2 Source: IHS April 2018

Next press release: July, 30, 2018 - Net sales for 2nd quarter 2018

Contact: M. Christophe CLERC : +33 (0)3.81.90.73.00

www.delfingen.com