Delta Plus Group (ALDLT) Q3 2024 TU earnings summary

Executive summary

• Nine-month consolidated sales reached €287.6m, down 8.0% year-over-year, with organic growth of 1.0% on a like-for-like basis, reflecting resilience amid economic uncertainty.

• Negative currency effects, especially from the Argentinian Peso, and a persistent negative price effect impacted results.

• The acquisition of Armor in the Netherlands contributed a positive perimeter effect of €1m.

Financial highlights

• Group sales for the first nine months: €287.6m, down 8.0% compared to 2023; organic growth at +1.0%.

• Negative exchange rate impact totaled €29m, with €25.8m from the Argentinian Peso.

• Adjusted for Argentina's hyperinflation and currency devaluation, restated nine-month sales decline was 6.0%.

Outlook and guidance

• 2024 expected to be a transitional year with slightly lower sales overall but a positive trend at constant exchange rates.

• Operating profitability anticipated to remain similar to 2023, with ongoing cost optimization.