DELIGNIT AG
DGAP-News: Delignit AG / Key word(s): Miscellaneous Delignit AG expects to exceed revenue forecast for 2018 - Successful launch of serial production of light commercial vehicles in Europe and NAFTA - Call-off volumes in target market automotive above expectations - Expansion of capital market communication in English Blomberg, 22 November 2018. Delignit AG (ISIN DE000A0MZ4B0), a leading manufacturer of ecological hardwood-based products and system solutions, has successfully launched the serial production of previously reported orders for light commercial vehicles. Delignit North America Inc. has commenced operations to ensure the necessary deliveries to the North American market. Against the backdrop of high call-off volumes from serial-delivery contracts in the automotive sector, Group revenues in fiscal year 2018 are expected to be slightly above the published forecast. The one-off start-up costs for the serial-supply contracts, combined with the project costs for the most recently reported motor caravan order, caused disproportionately high costs in the second half of the year. Notwithstanding this, the Management Board confirms that the forecast EBITDA margin for the annual results will be at the previous year's level. As part of the increasing internationalisation of its business model and the interest of foreign investors, Delignit AG also publishes its financial information in English. The English version of the Semi-Annual Report 2018 is available to investors in the Investor Relations section at www.delignit.com. About the Delignit Group: The Delignit Group develops, produces and sells ecological materials and system solutions from renewable raw materials under the brand name Delignit. As a recognized development, project and serial supplier of leading automotive groups, the Delignit Group is, among other things, world market leader for supplying the automotive industry with cargo bay protection and cargo securing systems for light commercial vehicles. With an industry-wide variety of applications and manufacturing range, the Delignit Group serves numerous other technology sectors, for example: as a worldwide system supplier of reputable rail stock manufacturers. Delignit solutions have exceptional technical properties and are further, among other things, used as trunk floors, building equipment and security solutions. Delignit material is predominantly based on European hardwood, is CO2 neutral in its life cycle and therefore ecologically superior to non-regenerative materials. The use of the Delignit material therefore improves the environmental performance of customer products and meets their increasing ecological requirements. The company was founded over 200 years ago. The Delignit AG is listed in the Scale Segment of the Frankfurt Stock Exchange. For more information visit our website on www.delignit.com.
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22.11.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| 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 |
| End of News | DGAP News Service |
749967 22.11.2018
