Tuesday, May 17, 2022
Home Business Delfingen anticipates a market outperformance of 2 to 3 points

Delfingen anticipates a market outperformance of 2 to 3 points

(AOF) – Delfingen generated a turnover of 102.2 million euros, up 1.9%. Revenues rose 0.6% like-for-like. At the end of March 2022, turnover at constant exchange rates and scope of mobility was up slightly by 0.3% (+3.5% in published data). Industrial Market sales were up 2.7% at constant scope and exchange rates (-6.6% as reported) to €14.6 million, with a negative impact (-13.7%) the change in scope following the sale of the “Technical straps and belts” business in June 2021.

“Uncertainty weighs on the markets with multiple factors such as the situation in Ukraine or the disruption of supply chains”, underlined the specialist in solutions for the protection and routing of on-board electrical and fluid networks.

According to estimates by S&P Global Mobility (formerly IHS Markit) published in April 2022, global automotive production should stand at 80.6 million units, up 4% compared to 2021.

Delfingen remains very cautious on market expectations, however, given its strategic positioning in vehicle electrical wiring protection solutions, its leadership and its global presence, Delfingen anticipates a market outperformance of 2 to 3 points.

“Delfingen is adapting to these extreme economic conditions while seizing growth opportunities linked to the transformation of the market towards cleaner and responsible mobility,” the company concluded.

LEAVE A REPLY

Please enter your comment!
Please enter your name here