Personal protective equipment supplier Delta Plus Group reports that its sales fell by 10.7% in the first quarter of 2024, to 95.9 million euros, including a 4.2% decline on a like-for-like basis.
The company points out, however, that when 2023 sales are adjusted to take account of a reduction linked to its activities in Argentina (where the peso was devalued by more than 50% last December), the decline in sales is limited to -8.7%.
Delta Plus confirms that it expects to maintain positive organic sales growth in 2024, to confirm the level of operating profitability achieved in 2023, and to strengthen its financial structure.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
Delta Plus Group specializes in the design, manufacturing, and marketing of individual protection clothing and equipment for professionals. Net sales break down by market as follows:
- foot protection (32%): safety and work shoes and boots;
- anti-fall protection (21%): safety harnesses and belts, anchoring assemblies, anti-fall systems, energy absorbers, safety nets, etc.;
- head protection (16%): hardhats, disposable masks, respirator masks, welding hoods, safety glasses, etc.;
- body protection (16%): high-tech fire, static, and acid protection clothing, cold and rain protection clothing, work clothing, welding garments, etc.;
- hand protection (12%): synthetic, leather, fabric, and latex gloves;
- other (3%).
Net sales are distributed geographically as follows: France (16.5%), Benelux (6.8%), Spain (4.2%), Italy (4.1%), Germany (3.2%), Poland (2.9%), Europe (12.2%) and other (50.1%).