Arbonia acquires the Spanish market leader for doors, the Dimoldura Group,
as well as the Czech market leader in the contractor services sector - Lignis

Arbonia AG / Key word(s): Expansion/Takeover
Arbonia acquires the Spanish market leader for doors, the Dimoldura Group,
as well as the Czech market leader in the contractor services sector -
Lignis

17-May-2024 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.

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Arbon, 17 May 2024 - Arbonia is actively consolidating the European
competition landscape in the area of interior and special doors by acquiring
the Spanish market leader for interior doors in south-western Europe,
Dimoldura, as well as the Czech company Lignis for special doors. With the
two acquisitions, Arbonia is expanding its geographic footprint into
south-western and Eastern Europe in line with its strategy and has taken
another step towards its ambition of market leadership in Europe.

The markets of Dimoldura, based in Toledo (ES), complement the existing
sales markets of the Doors Division. While the Doors Division enjoys leading
market positions in the DACH markets and Eastern Europe, Dimoldura is the
market leader in the area of wooden interior doors in Spain, the
fifth-largest European door market, and is also active with a strong market
presence in Portugal and France. The Doors Division is additionally
expanding its presence in the contractor services business and DIY business.
Together with the Polish Arbonia door company Invado, the division is thus
active in DIY business throughout Europe.

In 2023, Dimoldura generated revenue of EUR -120 million with a double-digit
EBITDA margin, which is currently considerably higher than the margin of the
Doors Division. The organic revenue growth in the past 3 years was over 13 %
per year. The production plants in Spain, Portugal, and France are fully
integrated, and the processes are highly efficient, which leads to the best
delivery times in the market.

The second acquisition, the Czech company Lignis, is a specialist for
functional doors and serves the contractor services business incl. assembly.
Lignis is the only door manufacturer in Czechia that can provide the entire
product portfolio from standard doors to functional doors made of wood and
metal. This acquisition will make Arbonia with its Doors Division the
second-largest provider in Czechia and Slovakia. Like Dimoldura, Lignis also
has a cost-efficient production.

In 2023, Lignis generated revenue of approximately EUR 14 million, with an
EBITDA margin significantly higher than the Division's own margin. The
organic revenue growth in the past 3 years has been over 25 % per year.

Future strengthening of cross-selling activities in sales, an even more
complete product portfolio, the strong market positions, as well as a higher
shared value creation in the areas of R&D and Purchasing will allow the
division to benefit from synergies and grow in a sustainable way, which will
strengthen them even more.

"With the diversification of our end markets into Eastern and Southwest
Europe, we are making a big step with Dimoldura and Lignis towards the
development and execution of the strategy of Arbonia Doors: evolving from a
primarily Central European into a market-leading, pan-European full-range
supplier", remarks Claudius Moor, CEO of the Doors Division.

Arbonia is taking over all of Dimoldura's and Lignis' activities, including
the approximately 600 employees, to ensure that long-standing customer
relationships with existing contact persons and ongoing projects can be
continued smoothly.

The contract signing as well as the closing of Dimoldura took place on 16
May 2024; the signing of Lignis took place on Thuesday, 14 May 2024. The
closing of Lignis will take place at the beginning of July 2024.

Both acquisitions are primarily financed by a bridge loan in the amount of
EUR 100 million as well as by existing credit lines. The bridge loan is to
be returned to the Climate Division after the sale has been closed.

After the first four months of the current year, Arbonia is also well on
track, thus confirming the qualitative guidance issued in February 2024.

Contact
Fabienne Zürcher
Head Corporate Communications & Investor Relations
T +41 71 447 45 54
fabienne.zuercher@arbonia.com


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End of Inside Information

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   Language:       English
   Company:        Arbonia AG
                   Amriswilerstrasse 50
                   9320 Arbon
                   Switzerland
   Phone:          +41 71 447 41 41
   E-mail:         holding@arbonia.com
   Internet:       www.arbonia.com
   ISIN:           CH0110240600
   Listed:         SIX Swiss Exchange
   EQS News ID:    1905379

End of Announcement EQS News Service
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1905379 17-May-2024 CET/CEST