Delignit AG receives expansion order and invests in production capacities

EQS-News: Delignit AG / Key word(s): Incoming Orders
Delignit AG receives expansion order and invests in production capacities

18.04.2024 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Blomberg, April 18th, 2024 - Delignit AG (ISIN DE000A0MZ4B0), a leading
manufacturer of ecological hardwood-based products and system solutions, is
expanding its business relationship with one of its largest OEM customers.
The order reinforces the company's strong market position in a recently
volatile environment and provides growth impulses for the coming financial
year. At the same time, the investment volume in 2024 is to be increased
with a mid-single-digit million euro amount in order to meet the
structurally growing demand situation in the long term.

With the expansion order, a well-known OEM customer has opted for a
sustainable wood-based side wall option that complements the existing
equipment range for a top-selling van model. This consistent step in the
direction of ecological materials will mean an increase in turnover for
Delignit AG in the mid single-digit million range per year. The first
deliveries are already scheduled for the second half of 2024.

"Winning this order confirms the high level of trust our customers place in
us and demonstrates the success of our 'more sales per vehicle' strategy,
with which we have been consistently expanding our market position for many
years. At the same time, we see this as confirmation of our long-term
strategic business development, which makes it necessary to expand and
optimize our production capacities," says Markus Büscher, CEO of Delignit
AG.

In this context, Delignit is making focused investments in capacity
expansion at its main site in Blomberg as part of a broad-based program.
Based on the still very strong order book, a mid-single-digit million euro
amount is to be invested this year. In addition to a targeted expansion of
materials production, process automation is also to be stepped up. At the
same time, activities to develop new markets, such as electromobility, will
be maintained. With these measures, Delignit AG is creating the basis for
sustainable organic growth.

The 2023 Annual Report will be published tomorrow, Friday, April 19, 2024
and can be accessed at www.delignit.com in the Investor Relations section.

About the company:
The Delignit Group develops, produces and sells ecological materials and
system solutions made from renewable raw materials under the Delignit brand
name. As a valued partner for development as well as project and series
supplier to leading automotive groups, the Delignit Group is the global
market leader in supplying the automotive industry with load compartment
protection and load securing systems for equipping light commercial
vehicles. With an application diversity and vertical range of manufacture
that is unique in the industry, the Delignit Group serves numerous other
technology sectors, e.g. as a global system supplier to well-known rail
vehicle groups. Delignit solutions have exceptional technical properties and
are also used, for example, as luggage compartment floors in cars, interior
fittings for motorhomes, special floors for production and logistics halls
and to improve the safety standards of buildings.

Made from European hardwood, the Delignit material is CO2-neutral throughout
its entire life cycle, making it an environmentally friendly alternative to
non-regenerative materials. Its use not only improves the ecological
footprint of customers' products, but also enables them to meet increasingly
stringent environmental sustainability requirements. With the "Boost Your
Sustainability" initiative, the Delignit Group demonstrates its
long-standing commitment to promoting environmental sustainability and
responsibility. Discover more about this commitment at
www.delignit-sustainability.de/ The company, which is listed in the Scale
segment of the Frankfurt Stock Exchange, has been in existence for over 200
years.



Contact:
Delignit AG
Königswinkel 2-6
32825 Blomberg
Tel. +49 5235 966-352
Fax +49 5235 966-351
eMail: ir@delignit.com


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18.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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The issuer is solely responsible for the content of this announcement.

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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:    1883015

End of News EQS News Service
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1883015 18.04.2024 CET/CEST