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Delfingen still aims for a market outperformance of 2 to 3 points

(AOF) – Within a sluggish Parisian market, Delfingen (-1.18% to 50.40 euros) is no exception to the decline. However, the specialist in protection and routing solutions for on-board electrical and fluid networks was far from unworthy during the first quarter of 2022. In a context marked by persistent tensions over electronic components, the Russian-Ukrainian crisis and restrictions sanitaryware in China, the group generated revenue of 102.2 million euros, up 1.9% on a reported basis and 0.6% on an organic basis.

Sales in the Mobility division, which represent approximately 86% of total revenue, increased by 3.5% on a reported basis and by 0.3% on an organic basis to 87.7 million euros. Delfingen is pleased to have outperformed the automotive market by 4.8 points.

For their part, sales on the industrial market increased by 2.7% organically to 14.6 million euros. Based on published data, they were down 6.6%, impacted by the change in scope following the sale of the “Technical straps and belts” business in June 2021.

On the outlook side, Delfingen points out that uncertainty weighs on the markets with multiple factors such as the situation in Ukraine or the disruption of supply chains.

According to estimates from S&P Global Mobility (ex IHS Markit) published last month, global car production should stand at 80.6 million units this year, up 4% from 2021.

While Delfingen says he remains very cautious on market expectations, he is still aiming for a market outperformance of 2 to 3 points.

Ultimately, the group intends to adapt to these “extreme economic conditions while seizing the growth opportunities linked to the transformation of the market towards cleaner and responsible mobility”.

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