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on DELFINGEN INDUSTRY (EPA:ALDEL)

DELFINFGEN INDUSTRY: Turnover for the first half of 2024

Stock price chart of DELFINGEN INDUSTRY (EPA:ALDEL) showing fluctuations.

DELFINGEN INDUSTRY announced a turnover of 224.7 million euros for the first half of 2024, down 3.9% compared to the previous year. Organic sales declined 5.6%, impacted by falling electric vehicle sales in North America and Europe.

The industrial market grew by 3.7% thanks to the REIKU acquisition, although organic sales fell by 5.4%. On the other hand, turnover in America decreased by 8.6%, marking a lag of certain electric platforms in the United States and Germany.

Despite an uncertain economic context, the company remains confident in its fundamentals and expects to generate positive free cash flow, with current operational profitability solid, but lower than that of H1 2023.

R. P.

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