Novem Group S.A.: Q1 2024/25 figures show a soft start to the year - Seite 2

Capital expenditure¹ of €5.0 million in Q1 2024/25 was significantly higher than last year’s figure of €3.4 million, largely attributable to growth investments. In view of the lower turnover, this translated into a considerably higher capex ratio of 3.6% (PY: 1.9%).

Elevated net leverage

As of 30 June 2024, total working capital¹ amounted to €142.2 million, 1.2% higher than prior year (€140.5 million). The variance of €-1.7 million was largely attributable to higher tooling net and lower payables.

Gross financial debt¹ of €305.5 million rose by €17.0 million in comparison to the first quarter of last year (€288.5 million). As of 30 June 2024, net financial debt¹ increased noticeably to €171.2 million compared to €118.7 million in previous year. Accordingly, the net leverage ratio¹ of 1.8x Adj. EBITDA¹ also stood above prior year (1.0x).

The quarterly statement for the first quarter of financial year 2024/25 can be found on the Investor Relations website at Reports & Presentation.

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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 quarterly statement for the first quarter of financial year 2024/25, 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 €635 million in FY 2023/24.