Delta Plus Group - Ahead of annual guidance thanks to solid Q2 performance boosted by Argentina
Continued good organic momentum, thanks to the purging of orders in ArgentinaBut lower sales volumes in some regions, penalized by slowdown in construction demand2023 guidance confirmed, with growth continuing and margins returning to normal levelsWe maintain our faire value at €76/share and our Add opinion.Delta Plus Group designs, standardizes, manufactures and markets personal protective equipment (E.P.I.) in Europe and in the rest of the world. Co.'s main activity sectors include BTP (Building and Public Works), activities in oil & gas and the heavy industry, offering products that meet the needs of different trades and activities such as wind power, logistics, the agri-food sector, the medical sector and the craft sector. Its portfolio consists of about 1,500 products, corresponding to more than 8,000 references. Co. divides its E.P.I. products into five main categories: Head Protection, Hand Protection, Body Protection, Feet Protection, and Anti-Fall Products.
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