Delfingen has reported a halving of net income, group share, to 8.1 million euros for 2022, on a current operating margin down 1.6 points to 5% and sales up 15% to 417.1 million.

At the Annual General Meeting on June 2, the Board of Directors will propose payment of a dividend of 0.64 euros per share for the year, 'reflecting management's confidence in the Group's prospects'.

The automotive supplier is targeting sales of 450 million euros by 2023, representing annual organic growth of almost 8%. Over this period, it expects to improve its current operating margin to 6%.

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