PRESS RELEASE
Anteuil, June 26th, 2018
Despite the good sales dynamic (+ 7.5 % recorded in the first quarter at constant exchange rate), DELFINGEN Industry anticipates, in the first half of 2018, a decline of its operating income of about 2.5 pts, as a result of:
· the negative impact of currency fluctuations which wipe out a significant part of the organic growth (negative impact of 10.2 % during the first quarter);
· some pressure on raw materials;
· the production of our plant in Celaya (Mexico) that ramp up more than we expected and generated extra costs to maintain the satisfaction of the client. The situation is now back to normal.
Thanks to the improvement in financial income and of tax rate, the net income in the first half of 2018 should be in line with the net income of 2017.
These events, based on the current conditions, do not undermine, in a significant way, the growth and profitability assumptions of the 2021 strategic plan.
DELFINGEN, a global automotive supplier and a leading manufacturer of
on-board networks protection solutions and fluid transfer tubing.
EURONEXT GROWTH Paris - ISIN Code : FR 0000054132 - Mnemonic : ALDEL
Contact: M. Christophe CLERC : +33 (0)3.81.90.73.00 - www.delfingen.com
Next press release : 30/07/2018 - Net sales for 2nd quarter 2018
