EQS-News

Novem Group S.A.: HY 2022/23 figures show strong revenue growth in a demanding environment - Seite 3

Start of business relationship with Opel and expansion with FAW

With the flagship model Insignia (e-SUV), Novem has won Opel as a new customer and expects the first revenue in 2025. This underlines the overall trend towards premiumisation in the automotive sector, where volume brands are increasingly adding premium trims to their flagship models. Anticipated as one of the megatrends to drive Novem’s future growth, this opens many doors and enables further diversification of the customer base. After acquiring a luxury SUV platform last year, Novem has now also secured the first electric vehicle from FAW. With this award, Novem continues to strengthen its position in China.

The interim statement for the first half of financial year 2022/23 can be found on the Investor Relations website under Reports & Presentations.

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1   For the definition/calculation of the used Alternative Performance Measures (APMs), please refer to the glossary provided in the corresponding interim statement for the first half of financial year 2022/23, which can be found on the Investor Relations website under Reports & Presentation.

About Novem

German-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 Vorbach, Germany, back in 1947, the Company has continuously expanded its global footprint in Germany, Italy, Czech Republic, Slovenia, China, USA, Honduras and Mexico. Novem employs about 5,440 people at 12 locations and achieved revenue of around €615 million in FY 2021/22.

For more information, please visit www.novem.com.

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