Skip to main content

DELFINGEN revises its performance expectations significantly upwards for the year 2020

Written by Customer Service on . Posted in Public Companies.

PRESS RELEASE
Anteuil, December 23rd, 2020DELFINGEN revises its performance expectations
significantly upwards for the year 2020In a particularly uncertain context caused by the health crisis, the disruption of the automotive market and the American elections, DELFINGEN saw its turnover rebound sharply at the end of the year and is expected to fall by 13% compared to 2019 at constant perimeter.This commercial performance was coupled with a very strong improvement in profitability. The operating margin before non-recurring items should increase by 1 to 1.5 points to around 7.5 to 8.0% of revenues at constant perimeter.At the same time, the contribution of the scope of consolidation acquired from Schlemmer since September 1st, 2020 also significantly outperforms expectations, with operating margins exceeding 10% of sales.The strong performance of DELFINGEN confirms the strategic positioning of the company in a rapidly changing automotive market with the accelerating demand for hybrid and electric vehicles. DELFINGEN’s mission is to protect the electrical wiring, the real nervous system of vehicles.Investors are invited to refer to the Press Release regarding the completion of the acquisition from Intercable of its shares in their Joint Venture published today.“Safe Harbor” StatementAlthough DELFINGEN’s management believes that these forward-looking statements are reasonable as of the date of publication of this document, investors are cautioned that such forward-looking statements are subject to numerous factors, risks and uncertainties, many of which are difficult to predict and generally beyond the control of DELFINGEN, that could cause actual results and events to differ materially from those expressed or implied in the forward-looking statements. DELFINGEN, a global leader in protection
and routing solutions for electric and fluid on-board networksEURONEXT GROWTH Paris – ISIN Code: FR 0000054132 – Mnemonic: ALDELNext Press Release: February 5th, 2021 – 2020 4th Quarter SalesMr. Christophe CLERC: +33 (0)3.81.90.73.00 – www.delfingen.com  AttachmentPR DELFINGEN Guidances

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.