on DELFINGEN INDUSTRY (EPA:ALDEL)
Solid operating margin for DELFINGEN in the first half of 2024
In Anteuil, on September 9, 2024, DELFINGEN INDUSTRY announced solid financial results for the first half of 2024. The company recorded a current operating margin of 5.2% on a turnover of €224.7 million, while generating positive free cash flow.
Despite a 3.9% decrease in revenue compared to the previous year, DELFINGEN continues to implement its “IMPULSE 2026” roadmap, aimed at optimizing its automotive system protection activities, streamlining the fluid transfer tube business, and accelerating its growth in the industrial sector.
CEO Gerald Streit stressed the importance of prioritizing the most contributory activities and improving resilience to market transformations. Targets for 2026 include revenue of €430 million, recurring operating margin above 7.5% and debt leverage below 2.25x.
The half-yearly balance sheet shows a net financial debt of €145.8 million and gross cash of €27.6 million, demonstrating a robust financial structure to achieve these objectives.
R. E.
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