DELFINGEN Industry: Net sales for 1st quarter 2016
Net sales for 1
st
quarter 2016
Anteuil, May 9, 2016
Outperformance of the automotive market
Consolidated sales (January 1 st to March 31 st )
| In M€ | 2016 1 | 2015 | Growth | Constant perim & CER 2 |
| Net Sales | 45.0 | 43.7 | 3.0 % | 3.1 % |
| In M€ | 2016 1 | 2015 | Growth | Without exchange rate impact |
| Automotive | 39.7 | 37.5 | 6.0 % | 6.2 % |
| Specialty markets | 5.3 | 6.2 | - 14.7 % | - 15.5 % |
1 Unaudited
2 At constant perimeter and constant exchange rate
Automotive market: growth is 6.2% on a market that has increased by 1.3%
The published net sales are up by 6.0% in the 1st quarter of 2016 (the evolution is + 6.2% at constant perimeter & CER) at a period when the global automotive production has increased by 1.3%.
Net sales in the wire-harness protection business - which account for 70% of overall sales - are up by 6.3% (6.6% at constant perimeter & CER). The technical tubing for fluid transfer business maintains a sustained growth rate: + 15.4% (+ 14.1% at constant perimeter & CER). The mechanical parts assembly business is down by - 4.8%
The impact of the exchange rates on sales is low on the 1st quarter.
At constant perimeter and exchange rate, sales are up as follows:
- + 6.5% in Europe at a period when that market growth is + 2.2% ;
- + 6.5% in North America at a period when that market growth is + 5.4% ;
- + 11% in Asia, including + 25% in India and + 20% in China, at a period when that market growth is + 1.3%
Specialty markets
Specialty markets account for 11.7% of the sales. Published sales are down by 14.7% (- 15.5% at constant perimeter & CER).
On the basis of a 2% to 3% growth of global automotive production for 2016, DELFINGEN maintains its sales growth objectives above market evolution thanks to accelerating sales in Asia, the development of its range of products for on-board networks protection and by innovation in technical plastic tubing for fluid transfer.
DELFINGEN, a global automotive supplier and a leading manufacturer of on-board networks protection solutions and fluid transfer tubing.
NYSE Alternext Paris - ISIN code: FR 0000054132 - Mnemonic: ALDEL
Next press release: August 1st, 2016 - 2016 2nd quarter sales
Contact: M. Christophe CLERC: +33 (0)3.81.90.73.00 -
www.delfingen.com
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: DELFINGEN Industry via GlobeNewswire
