Despite an increase in sales, Delfingen Industry has lowered its operating margin target for 2023 from 6.5% to around 6%, due to weaker activity at the end of the year. Its operating income before non-recurring items would nevertheless be up by 30%.

The group has announced sales for 2023 of 456.7 million euros, up by 9.5% (+9.6% on a like-for-like basis), including increases of +8.3% and +16.4% respectively in its two activities, mobility and industrial.

Despite the slowdown observed at the end of the year, Delfingen continued to outperform the global automotive market (+1 point). The textile business also confirmed its potential as a growth driver, with sales up 22.6% to €80 million.

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