Delignit AG strengthens market position in the motor caravan business thanks
to development contract in a challenging market environment

EQS-News: Delignit AG / Key word(s): Incoming Orders/Market Report
Delignit AG strengthens market position in the motor caravan business thanks
to development contract in a challenging market environment

20.11.2023 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Delignit AG strengthens market position in the motor caravan business thanks
to development contract in a challenging market environment

  * Delignit AG faced with significant call-off reductions in the motor
    caravan market

* Development contract to take over optimizations in series production

  * Framework conditions in the core commercial vehicle industry market
    remain stable

Blomberg, 20 November 2023. Delignit AG (ISIN DE000A0MZ4B0), a leading
manufacturer of ecological, hardwood-based products and system solutions, is
confronted at the end of the year with an unpredictable and significant
reduction in call offs in an ongoing series supply contract from the motor
caravan business. Following rapid industry growth during the Covid-19
pandemic, this currently leads to an abrupt counter-movement. However,
Delignit AG can also set positive impulses. For the first time, the company
has been able to acquire a development contract for a motor caravan model.
The order's goal is to implement improvements on current equipment
components and also to adapt the motor caravan's interior to new legal
requirements. The developments are to be implemented by the end of 2024 and
integrated into the series. The contract reaches a total volume in the low
single-digit million range when all order options are called upon,
underlining Delignit AG's excellent positioning in the motor caravan
industry.

Thanks to a still resilient business in the important core business of the
commercial vehicle industry, the members of the Management Board expect that
the original revenue guidance of 88 million euros can be maintained at the
lower end of the range of 84 to 88 million euros. After revenues of 75.4
million euros were reported last year, the dynamic, double-digit growth
course of the past is to be continued in the fiscal year 2023. In terms of
profitability, the company is expected to move towards the lower end of the
guidance range due to the call-off reduction in the motor caravan business.

Based on the long-term oriented business model of the Delignit Group in
conjunction with an order backlog that extends well into the next decade,
the Management Board expects to be able to continue the resilient growth
course of the past years in the coming years as well. In view of the still
high market demand and maintaining a solid capital structure, the Delignit
Group continues to drive forward preparations for a focused expansion and
automation of production capacities.

About the Delignit Group:

The Delignit Group develops, produces and sells ecological materials and
system solutions made of renewable raw materials under the brand name
Delignit. As a recognised development, project and serial supplier of
leading automotive groups, the Delignit Group is, among other things, world
market leader for supplying the automotive industry with cargo bay
protection and cargo securing systems for light commercial vehicles. With a
variety of applications and a vertical integration that are unique in its
industry, the Delignit Group serves numerous other technology sectors, for
example as a worldwide system supplier of reputable rail vehicle
manufacturers. Delignit solutions have exceptional technical properties and
are also used, among other things, as trunk floors in passenger cars,
interior equipment for motor caravans and special floors for factory and
logistics buildings and to improve building security standards.

Delignit material is predominantly based on European hardwood, is
carbon-neutral in its life cycle and therefore ecologically superior to
non-regenerative materials. The use of the Delignit material therefore
improves the environmental performance of customer products and meets their
increasing ecological requirements. The company was founded over 200 years
ago. Delignit AG is listed in the Scale segment of the Frankfurt Stock
Exchange.

Further information is available online at www.delignit.com.

Contact:
Delignit AG
Königswinkel 2-6
32825 Blomberg
Tel. +49 5235 966-100
Fax +49 5235 966-351
E-mail: ir@delignit.com


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20.11.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
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   Language:       English
   Company:        Delignit AG
                   Königswinkel 2-6
                   32825 Blomberg
                   Germany
   Phone:          +49 (0)5235 / 966-0
   Fax:            +49 (0)5235 / 966-105
   E-mail:         info@delignit.de
   Internet:       http://www.delignit.de
   ISIN:           DE000A0MZ4B0
   WKN:            A0MZ4B
   Listed:         Regulated Unofficial Market in Berlin, Dusseldorf,
                   Frankfurt (Scale), Hamburg, Stuttgart, Tradegate
                   Exchange
   EQS News ID:    1776665

End of News EQS News Service
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1776665 20.11.2023 CET/CEST