The global leader in wiring protection solutions has released its 2025 annual results, characterized by a sharp improvement in margins and accelerated deleveraging. Driven by its "Impulse 2026" strategic plan, the Doubs-based group confirmed its resilience and proposed a dividend of 1.73 euros per share.
In a mixed economic environment, Delfingen has demonstrated the relevance of its repositioning. While revenue posted a 5.5% decline to 400.3 million euros (penalized by a negative currency effect of 10 million euros and the voluntary termination of non-profitable contracts), operational performance has reached a new level.
Current operating income jumped 26.3% to 30 million euros. This performance brought the current operating margin to 7.5% of revenue, compared to 5.6% a year earlier.
This surge in profitability is explained by three key factors: - A favorable product mix with the ramp-up of the Textile business (now 20% of sales), driven by vehicle electrification. - A breakthrough in Asia with robust growth in China (+17%) and India (+10%). - Iron discipline through strict cost management and improved industrial efficiency.
The highlight of this fiscal year lies in the group's financial structure. Delfingen generated free cash flow of 27.2 million euros, a spectacular 83% increase. This financial windfall allowed the group to bring net debt below the 100 million euro mark (97.8 million euros). The leverage ratio consequently fell to 2.12x (compared to 3.02x in 2024), reflecting sustained deleveraging in line with commitments made to investors.
For the coming fiscal year, Gerald Streit, Chairman and CEO of the Group, expressed his determination: "We approach 2026 with confidence, continuing Delfingen's transformation to fully capture the opportunities arising from the sector's evolution."
The group's strategy now rests on two pillars: "Local-to-Local" in China, adapting the model to local standards (China speed, China tech, China cost) to serve Asian manufacturers. Delfingen is also betting on non-automotive diversification, accelerating in the robotics, rail, and energy markets, which already represent nearly 20% of revenue.
As a sign of this renewed confidence, the Board of Directors will propose a dividend payment of 1.73 EUR per share at the next Annual General Meeting on June 5.
DELFINGEN is a global automotive supplier and a leading manufacturer of on-board networks protection solutions and fluid transfer tubing.
Net sales (before intragroup eliminations) break down by market into Automotive (84%) and Industry (16%).
Net sales are distributed geographically as follows: Europe and Africa (49.3%), Americas (35.8%), and Asia (14.9%).
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