Delfingen: 7% drop in annual sales

(CercleFinance.com) - Delfingen reported a 7.
2% drop in sales to €423.7 million for 2024 (-8% on a like-for-like basis), with an 8.4% contraction in its automotive business and near-stability (-0.4%) in its industrial business.

In view of business trends in line with expectations, and the implementation of the first measures of the IMPULSE 2026 plan, the Group reaffirms its confidence in achieving an operating margin before non-recurring items in excess of 5% over 2024.

Operating margin before non-recurring items in the second half of the year should be better than in the first half. Finally, in line with its commitments, Delfingen expects net debt excluding IFRS to be lower in 2024 than in 2023.

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