on DELFINGEN INDUSTRY (EPA:ALDEL)
DELFINGEN Reports Q3 2024 Revenue Drop Amid Market Challenges
DELFINGEN INDUSTRY, a global leader in cable protection solutions, announced a revenue of €324.8 million for Q3 2024, marking a 6.9% decrease compared to the same period in 2023. On a like-for-like basis, excluding acquisitions and currency impacts, the revenue fell by 7.8%.
The decline is attributed to reduced global automotive production, a sluggish German market, delays in U.S. electric platforms, and the end of some projects. Despite challenges, DELFINGEN continues to implement its IMPULSE 2026 roadmap, focusing on leadership optimization, business streamlining, and market acceleration.
Geographically, revenues dropped in Europe-Africa and the Americas, while Asia saw a slight increase. Despite economic headwinds, DELFINGEN aims for a 5% operating margin by FY 2024.
R. E.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all DELFINGEN INDUSTRY news