Novem Group S.A. confirms preliminary results for FY 2023/24

EQS-News: Novem Group S.A. / Key word(s): Annual Results/Dividend
Novem Group S.A. confirms preliminary results for FY 2023/24

27.06.2024 / 09:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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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. EBIT1 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 margin1
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.

_______________________

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:
                                        (1)isabel.henninger@kekstcnc.com
                                        1.
                                        mailto:Isabel.henninger@kekstcnc.c
                                        om
   E-Mail:
   (1)investor.relations@novem.com
   1.
   mailto:investor.relations@novem.c
   om

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27.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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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 27.06.2024 CET/CEST