Decrease in turnover in the 1st quarter of 2024 for DELFINGEN INDUSTRY

DELFINGEN INDUSTRY, automotive equipment manufacturer and world leader in wiring protection, published its turnover for the first quarter of 2024, reaching 113.6 million euros, down 5.4% compared to the year former. This result compares to an exceptional first quarter of 2023 where the company experienced growth of 14%.

The results are explained by a decline of 5.5% in the mobility sector, although January and February showed sustained sales. Activity slowed in March, compared to an exceptional month the previous year. The industrial market showed better performance with an increase of 15.5% thanks to the acquisition of REIKU, although declines of 3.2% were observed at constant scope and rates. Geographically, Europe and Africa show a small growth of 1%, while the Americas see a fall of 8.1%.