Delfingen, a specialist in the protection and routing of electrical networks and fluids, is up sharply on Monday on the Paris Bourse after reporting a "superb end to the year", according to analysts.

On Friday evening, the group unveiled annual sales of 417 million euros for the 2022 financial year, up 14.9%, thanks in particular to a strong acceleration in activity in the 4th quarter.

In its press release, the company highlighted the 'continued' outperformance of the automotive sector across all its businesses and regions.

Euroland analysts noted that the company had finished the year 'with a bang', with fourth-quarter sales up 23.6% to 103.2 million euros, including organic growth of 19.2%.

Delfingen's annual performance is excellent and exceeds the guidance provided by the company, which had been revised upwards", says the brokerage firm, which maintains its target price of 62 euros and its buy recommendation.

For the 2023 financial year, the group anticipates sales of around €450 million, i.e. an expected increase of 8%, while global automobile production is expected to grow by 4% this year.

Following this publication, the share jumped by 3.5% on Monday on the Paris Bourse, compared with a drop of around 1.5% on the Paris market.

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