Delta Plus Group Sees Activity Contract in the Fourth Quarter
For the 2025 fiscal year, Delta Plus Group saw its revenue decline by 2.6% to €389.6 million. In the fourth quarter, its consolidated revenue amounted to €105.1 million, down 6.6%, following a 3.3% increase in the third quarter.
Despite the downturn in activity in 2025, the specialist in individual and collective protective equipment confirmed its ability to preserve its core strengths. Thanks to a solid gross margin rate and strict cost management, the group—although impacted by this temporary drop in revenue—anticipates a robust level of operating profitability for 2025.
Looking ahead to 2026, Delta Plus Group is forecasting a return to organic growth, supported by the gradual normalization of its historical markets and the benefits of transformations already underway. The company also aims to consolidate its momentum in high-potential regions, particularly in South and North America and the Middle East. Finally, it is expected to actively pursue its external growth strategy, with several acquisition projects currently under review or nearing completion in the first half of the year.
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 (33%): safety and work shoes and boots;
- anti-fall protection (20%): safety harnesses and belts, anchoring assemblies, anti-fall systems, energy absorbers, safety nets, etc.;
- head protection (17%): hardhats, disposable masks, respirator masks, welding hoods, safety glasses, etc.;
- body protection (15%): 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 (15.7%), Benelux (6.9%), Spain (4%), Italy (4%), Germany (3.7%), Poland (3%), Europe (12.3%) and other (50.4%).
This super rating is the result of a weighted average of the rankings based on the following ratings: Global Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Global Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite), and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of the rankings based on the following ratings: Capital Efficiency (Composite), Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
