Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Delta Plus Group S.A. is a leading French manufacturer and distributor specializing in personal protective equipment (PPE) and collective protection solutions for professionals. Established in 1977 and headquartered in Apt, France, the company offers a comprehensive portfolio covering head, hand, body, and foot protection, as well as fall protection systems. Its diverse product range includes items such as safety helmets, gloves, workwear, footwear, and advanced fall arrest systems, serving the needs of workers in construction, industrial, and service sectors. Through a vertically integrated model, Delta Plus Group designs, standardizes, and produces 85% of its products in-house, operating 17 to 18 production facilities and maintaining a strong international footprint with nearly 3,700 employees and over 40 subsidiaries that distribute its solutions in more than 110 countries. The company is recognized for integrating innovation, comfort, and safety in its product offerings, regularly expanding its scope via targeted acquisitions. Delta Plus Group S.A. plays a crucial role in occupational health and safety worldwide by providing reliable, compliant protection solutions that help mitigate workplace risks and ensure regulatory compliance across a wide array of industries.
11.20% operating margin is respectable but not wide. ROIC at 6.95%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 2.6% YoY. The question is whether this is cyclical or a structural shift.
Net debt of €170M represents 4.3x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
€390M
▼ -2.6% YoY
Net Income (TTM)
€28M
▼ -11.2% YoY
Op. Margin
11.20%
▼ -1.2pp YoY
ROIC
6.95%
▼ -1.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€39M
▲ +35.0% YoY
Op. Cash Flow (TTM)
€55M
▲ +37.9% YoY
Net Debt
€170M
Cash & Equiv.
€37M
3Y CAGR: -2.5%
3Y CAGR: +42.9%
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