DELFINGEN: Decrease in turnover in Q3 2024

DELFINGEN INDUSTRY has published its turnover for the third quarter of 2024, showing a decrease of 12.9% compared to the same period in 2023. The turnover amounts to 100.2 million euros compared to 115.0 million euros the previous year. Over nine months, the decrease amounts to 6.9%, or 324.8 million euros.

This decline reflects in particular a decline in global automotive production, a stagnant European market and launch delays in the United States. Despite a difficult economic context, the company is pursuing its "Impulse 2026" strategy aimed at optimizing its operations and improving its margins. Some measures began to produce positive effects in the second half of 2024.

DELFINGEN expects the current situation to remain unchanged until the end of the year. However, the company remains confident that it will achieve a current operating margin of over 5% in 2024.