Delfingen Ends 2025 with a Revenue of €400.3 Million, Meeting Expectations
The automotive and industrial cable protection group announces its 2025 results. Its annual revenue stands at €400.3 million, aligned with the set targets despite a challenging market context and unfavorable exchange rate effects.
Annual and Quarterly Financial Performance
Delfingen reported a revenue of €400.3 million for the fiscal year 2025, a decrease of 5.5% in raw data compared to 2024 (€423.7 million). At constant exchange rates, the decline softens to 3.1%. Unfavorable exchange rates impacted the annual sales by €10.2 million. Adjusted for constant exchange rates and excluding the voluntary termination of FTT contracts (technical fluids for tubes), the activity is comparable to that of 2024. In the fourth quarter, the revenue amounted to €89.6 million, down by 9.4% in raw data and 4.4% at constant rates. The unfavorable exchange rate effect reached 5.0% on the euro-dollar parity for this quarter alone. By sector, automotive recorded a revenue of €333.4 million in 2025 (compared to €356.4 million in 2024), a decline of 6.4% which settles at 4.1% at constant rates. The industrial activity generated €66.8 million (compared to €67.4 million previously), almost stable in raw data and up by 1.8% at constant rates.
Textile Activity Shows Positive Performance
The Textile division displayed a positive performance with a 7.3% increase in 2025 across all geographic areas. This branch now represents 20% of the group's sales, confirming its role as a growth driver. This momentum benefits from the partial relocation of production to China and India, implemented as part of the IMPULSE 2026 strategic plan. Geographically, Europe-Africa recorded €197.3 million (down 3.4%), the Americas €143.3 million (down 11.6% in raw, down 7.6% at constant rates, penalized by the termination of FTT contracts for €12 million), and Asia €59.7 million (up 4.1%). The group confirms its target of an operating margin above 7% for 2025. This expected performance is accompanied by an increase in cash generation and a significant reduction in the leverage ratio, strengthening the group's financial structure.
Outlook for 2026
For 2026, Delfingen anticipates stability in its revenue at constant exchange rates. The group prioritizes value over volume, a goal that should allow further improvement in profitability and further reduction in debt. The group will also continue to strengthen its presence in higher value-added industrial markets as part of its IMPULSE 2026 strategy.
