DELFINGEN reports a drop in turnover in Q3 2024

DELFINGEN INDUSTRY announced revenue of EUR 324.8 million at the end of September 2024, a decrease of 6.9% compared to the same period in 2023. In organic terms, excluding acquisitions and the impact of exchange rates, revenue decreased by 7.8%.

The decline is due to a contraction in global automobile production and a weak European market, particularly in Germany. In the United States, the delay in the launch of electric platforms has also impacted sales.

In this difficult context, DELFINGEN is continuing the deployment of its Impulse 2026 plan, aimed at optimization, rationalization and acceleration in its key sectors.

Despite gloomy market prospects, the group is targeting a current operating margin of more than 5% for 2024.