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EQS-News: Novem Group S.A. / Key word(s): Annual Results/Dividend
Novem Group S.A. confirms preliminary results for FY 2023/24
2024-06-27 / 09:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
Novem Group S.A. confirms preliminary results for FY 2023/24
. FY 2023/24 revenue of EUR635.5 million, -9.3% below FY 2022/23
. Adj. EBIT^1 of EUR69.1 million, -15.5% below PY
. Solid order intake in the last 12 months supporting medium-term guidance
. Proposal to pay no dividend for 2023/24
Luxembourg, 27 June 2024 - Novem Group S.A. today published its audited results and confirmed the preliminary figures
for the financial year 2023/24. On a full-year basis, Novem generated a total revenue of EUR635.5 million, which
corresponds to a decline of -9.3% compared to previous year. In a demanding environment, the Company reported a solid
Adj. EBIT margin^1 of 10.9%.
Due to the adverse market development, the Management Board, in agreement with the Supervisory Board, will propose to
the Annual General Meeting on 22 August 2024 not to distribute a dividend for the financial year 2023/24.
Dr. Johannes Burtscher, Chief Financial Officer, said: "Even under challenging market conditions, we delivered a solid
performance. Nonetheless, the economic uncertainties and the current volatile environment allow for a limited
visibility only and are the reasons for our proposal not to pay a dividend for the financial year 2023/24."
The audited figures and the Annual Report for the financial year 2023/24 can be found on the Investor Relations website
under Reports & Presentation. The Annual Report also includes the Non-financial Report, which covers Novem's
sustainability progress.
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1 For the definition/calculation of the used Alternative Performance Measures (APMs), please refer to the glossary
provided in the corresponding Annual Report 2023/24, which can be found on the Investor Relations website under Reports
& Presentation.
About Novem
Luxembourg-headquartered Novem is a globally leading supplier of decorative interior trim parts for the premium
automotive industry. Across the range of key materials such as genuine wood, aluminium, carbon and premium synthetics,
the Company offers unrivalled quality, technology and innovation to a growing customer base including all major premium
carmakers worldwide. Founded in 1947 in Vorbach, Germany, the Company has continuously expanded its global footprint in
Germany, Italy, Czech Republic, Slovenia, China, USA, Honduras and Mexico. Novem employs about 4,900 people at 12
locations and achieved revenue of more than EUR635 million in FY 2023/24.
For more information, please visit www.novem.com.

Contact Investor Relations           Press Contact 
Mareike Völker                       Isabel Henninger 
Head of Investor Relations           Phone: +49 69 506 037 583 
Phone: +49 9205 18 1399              E-Mail: isabel.henninger@kekstcnc.com 

E-Mail: investor.relations@novem.com
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2024-06-27 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com

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Language:     English 
Company:      Novem Group S.A. 

19, rue Edmond Reuter
L-5326 Contern
Luxemburg

ISIN:         LU2356314745 
WKN:          A3CSWZ 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 

Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange
EQS News ID: 1932545

End of News EQS News Service
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1932545 2024-06-27 CET/CEST

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June 27, 2024 03:00 ET (07:00 GMT)