DELFINGEN Company Profile

Background

Founded in 1954, DELFINGEN is a family-owned global automotive supplier specializing in protection and routing systems for electrical networks and on-board fluid transfer solutions. With a presence in 21 countries across four continents, the company operates 41 locations, including 25 manufacturing plants and 10 R&D centers. DELFINGEN is listed on the Euronext Growth Paris market under the symbol ALDEL.

Key Strategic Focus

DELFINGEN's strategic focus centers on providing comprehensive solutions for the automotive industry, including:

Protection Systems: Offering a wide range of products for wiring harness and hose protection.

Fluid Transfer Tubing: Developing solutions for on-board fluid transfer needs.

Interior Trim Fastening: Providing fastening solutions for vehicle interiors.

Assembly and Logistic Services: Delivering integrated services to enhance customer experience.

The company emphasizes innovation and customer proximity, aiming to support the evolving needs of the automotive sector, particularly in areas like electrification and hybridization.

Financials and Funding

As of December 31, 2022, DELFINGEN reported annual sales of €420 million. In the first nine months of 2023, the company achieved revenue of €348.9 million, marking an 11.1% increase compared to the same period in 2022. This growth was driven by both the Mobility and Industry markets, with the Mobility segment experiencing a 10.0% increase and the Industry segment a 17.7% rise.

Pipeline Development

DELFINGEN continues to expand its product offerings, particularly in the realm of fluid transfer tubing, to meet the demands of new vehicle transmission modes such as electrification and hybridization. The company's recent acquisitions, including REIKU GmbH in Germany and AHN Chem Co. Ltd in South Korea, have bolstered its capabilities in textile sheaths and cable management solutions for robotics.

Technological Platform and Innovation

DELFINGEN distinguishes itself through its proprietary technologies and innovative approaches, including:

Proprietary Technologies: Development of advanced protection systems for wiring harnesses and hoses, as well as specialized fluid transfer tubing solutions.

Scientific Methods: Utilization of cutting-edge materials and manufacturing processes to enhance product performance and durability.

AI-Driven Capabilities: Implementation of data analytics and machine learning to optimize production processes and product design.

Leadership Team

The leadership team at DELFINGEN comprises experienced professionals dedicated to driving the company's strategic initiatives:

Gérald Streit: Chairman and Chief Executive Officer since 2018, representing the third generation of the founding family.

Executive Committee: An eight-member team overseeing the group's main functions, activities, and geographical areas.

This team regularly engages with investors to discuss the company's strategy and market developments.

Leadership Changes

In 2015, Gérald Streit became Chief Executive Officer, and in 2018, he assumed the role of Chairman and Chief Executive Officer, marking a significant leadership transition within the company.

Competitor Profile

Market Insights and Dynamics

The automotive industry is experiencing significant transformations, including the shift towards electrification, increased connectivity, and stringent environmental standards. These changes present both challenges and opportunities for companies like DELFINGEN.

Competitor Analysis

DELFINGEN's primary competitors include:

Christian Brothers Automotive: A U.S.-based company specializing in automotive repair services.

Pointer Telocation: An Israeli firm developing vehicle location solutions and providing roadside assistance.

Manitou: A French manufacturer of handling equipment for various industries.

American Tire Distributors: A U.S. distributor of tires, wheels, and related services.

These companies operate in overlapping sectors, offering products and services that intersect with DELFINGEN's market segments.

Strategic Collaborations and Partnerships

DELFINGEN has engaged in strategic acquisitions to enhance its market position and technological capabilities:

2020: Acquired SCHLEMMER's European and African activities, strengthening its presence among German automotive suppliers and manufacturers.

2023: Acquired REIKU GmbH in Germany and AHN Chem Co. Ltd in South Korea, expanding its expertise in textile sheaths and cable management solutions for robotics.

Operational Insights

DELFINGEN's global footprint, with 41 locations in 21 countries, provides a competitive advantage in terms of customer proximity and responsiveness. The company's dual focus on plastic tubing and textile sheaths offers a comprehensive range of protection solutions, catering to diverse customer needs.