Delignit AG confirms new revenue and earnings record and provides outlook
for 2024

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.

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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

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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:    1862381

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