EQS-News

Delignit AG strengthens market position in the motor caravan business thanks to development contract in a challenging market environment

EQS-News: Delignit AG / Key word(s): Incoming Orders/Market Report Delignit AG strengthens market position in the motor caravan business thanks to development contract in a challenging market environment 20.11.2023 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. Delignit AG strengthens market position in the motor caravan business thanks to development contract in a challenging market environment

• Delignit AG faced with significant call-off reductions in the motor caravan market
• Development contract to take over optimizations in series production
• Framework conditions in the core commercial vehicle industry market remain stable

Blomberg, 20 November 2023. Delignit AG (ISIN DE000A0MZ4B0), a leading manufacturer of ecological, hardwood-based products and system solutions, is confronted at the end of the year with an unpredictable and significant reduction in call offs in an ongoing series supply contract from the motor caravan business. Following rapid industry growth during the Covid-19 pandemic, this currently leads to an abrupt counter-movement. However, Delignit AG can also set positive impulses. For the first time, the company has been able to acquire a development contract for a motor caravan model. The order’s goal is to implement improvements on current equipment components and also to adapt the motor caravan’s interior to new legal requirements. The developments are to be implemented by the end of 2024 and integrated into the series. The contract reaches a total volume in the low single-digit million range when all order options are called upon, underlining Delignit AG's excellent positioning in the motor caravan industry.

Thanks to a still resilient business in the important core business of the commercial vehicle industry, the members of the Management Board expect that the original revenue guidance of 88 million euros can be maintained at the lower end of the range of 84 to 88 million euros. After revenues of 75.4 million euros were reported last year, the dynamic, double-digit growth course of the past is to be continued in the fiscal year 2023. In terms of profitability, the company is expected to move towards the lower end of the guidance range due to the call-off reduction in the motor caravan business.