===
EQS-Ad-hoc: Delignit AG / Key word(s): Annual Results/Forecast
Delignit AG confirms new revenue and earnings record and provides outlook for 2024
19-March-2024 / 16:57 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News
- a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Public disclosure of inside information in accordance with Article 17 MAR
Delignit AG confirms new revenue and earnings record and provides outlook for 2024
Blomberg, 19 March 2024. Delignit AG (ISIN DE000A0MZ4B0), a leading manufacturer of ecological, hardwood-based products
and system solutions, has closed the 2023 financial year with a significant increase in revenue and earnings. Group
revenues increased to EUR 86.1 million in the 2023 financial year, which corresponds to year-on-year growth of 14.2 %
(previous year: EUR 75.4 million) and thus marks a new record in the company's history. Delignit AG was also able to meet
expectations in terms of profitability with a significant increase in EBITDA to EUR 7.1 million (previous year: EUR 6.6
million). Consolidated net profit for the year (PAT) increased disproportionately by 16.8 % to EUR 3.2 million. Bank
balances improved to EUR 10.4 million at the end of the year and the equity ratio amounted to a strong 76.0 % (previous
year: 63.9 %). In view of the positive development in the past year, the Management Board recommends the distribution
of a dividend of EUR 0.08 per dividend-bearing share for the 2023 financial year (previous year: EUR 0.05).

In line with the overall economic situation in Germany, the outlook for the Delignit Group is cautious and mixed. On
the one hand, interest in ecological materials and system solutions remains high and can lead to concrete incoming
orders with potentially high volumes against the backdrop of ambitious climate targets. On the other hand, the Delignit
Group is seeing a clear downward trend in its lead markets at the start of 2024. Following a sharp decline in the
caravan business in the second half of 2023, this trend is set to continue at the start of 2024. An improvement
compared to the previous year's figures is not expected until the second half of the year. Delignit's core market of
light commercial vehicles is also showing declining trends for the first time since the economic downturn in Europe.
The backlog of orders from Delignit OEM customers appears to have been largely cleared. The market situation for
passenger cars is more difficult and some plants are being closed for longer periods. The Delignit Group is pursuing a
strategy of exploiting this unexpected market weakness to acquire additional series supply business, but also to win
back market share in the area of Technological Applications. In particular, initial successes have already been
achieved in the Technological Applications target market.

In summary, the Management Board is less optimistic about the 2024 financial year than previously assumed. The
Management Board expects revenues to fall to between EUR 75 million and EUR 80 million with an EBITDA margin of 6 % to 7
%.

Nevertheless, the Management Board's outlook for the medium-term future remains clearly positive. The solid financial
figures of recent years and the unchanged best order book in the company's history confirm the Delignit Group's
resilient business model, which has significant growth potential thanks to its sustainable and ecological system
solutions. This can be underpinned and realized thanks to a very solid and robust balance sheet structure with
corresponding investment activity.

The full 2023 Annual Report will be published in April 2024 and will then be available on the company's website
www.delignit.com in the Investor Relations section.

Contact:
Delignit AG
Königswinkel 2-6
32825 Blomberg
Tel. +49 5235 966-100
Fax +49 5235 966-351
E-mail: ir@delignit.com
End of Inside Information
19-March-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and
Press Releases.

Archive at www.eqs-news.com  
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: 1862381

End of Announcement EQS News Service
===
1862381 19-March-2024 CET/CEST

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1862381&application_name=news

END) Dow Jones Newswires

March 19, 2024 11:58 ET (15:58 GMT)