Delfingen : Q3 revenues lower than we expected
>Q3 revenues of € 100.2m (vs € 109.3m est.) down 12.9% (-12.3% l-f-l) - Delfingen’s Q3 revenues, reported yesterday evening, came to € 100.2m, short of our forecast (€ 109.3m est.), reflecting a decline of 12.9% (-12.3 % l-f-l). For 9M, revenues came at € 324.8m, down 6.9% (-7.8% l-f-l). In detail, the mobility division (85% of revenues) saw a sharp drop in Q3 of 13.7% to € 84.6m, in a still lacklustre automotive context. The decline over 9 months works out at 8.3% ...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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