Delfingen Industry - Good momentum confirmed by guidance upgrades
A slightly better-than-expected H1, enabling the Group to raise its full-year guidanceNew guidance still appears cautious, in line with management communications of recent years, which have improved the company's track record.A buoyant positioning in the automotive sector and in new high-potential marketsAll these factors lead us to resume monitoring the stock with an ADD opinion.Delfingen's positioning is promising, but the valuation is not very cheap and short-term visibility is limited in the automotive sector.Delfingen Industry is a holding company. Through its subsidiaries, Co. is engaged in the manufacture and distribution of protected, insulated electric cabling for use in land, sea and air based vehicles. Co. has developed applications for other markets that can be classified into five groups: Construction industry- tube sheathing for sanitary hydro-cabling; Sanitary equipment- water evacuation products; Household appliances- protection of electric functions, machine joints, drain pipes, etc.; Industry- technical protection solutions for electric cables (transformers, cabinets, etc.), Miscellaneous- protection items for industries as varied as the naval, furniture and gardening industry, etc.
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