PresseBox
Press release BoxID: 168889 (Delignit AG)
  • Delignit AG
  • Königswinkel 2-6
  • 32825 Blomberg
  • http://www.delignit-ag.de
  • Contact person
  • Sönke Knop
  • +49 (69) 9055-0551

Delignit AG increases operating performance to €41.6 mil. / 2007 annual net profit of €2.3 mil.

(PresseBox) (Blomberg, ) Delignit AG (ISIN DE000A0MZ4B0), leading manufacturer of ecological products and system solutions based on the natural wood-based material Delignit, can look back at very successful business developments in 2007. The consolidated accounts according to IFRS show an operating performance of €41.6 mil. with a revenue of €37.6 mil., whereby the EBITDA reached €5.8 mil. The EBIT was €3.6 mil., the annual net profit €2.3 mil. The result per undiluted share was €0.44. The equity ratio improved to around 45 percent in 2007. These figures have only taken the Cildro Group into consideration since the beginning of July 2007.

A complete consolidation of the Cildro Group for 2007 shows a total annualised turnover of €41.1 mil. for Delignit AG, which corresponds to a 14.5% increase of €35.9 mil. compared to the previous year s turnover. For 2006 the previous year s pro forma figures for a complete consolidation of Cildro Group with its above-average profitability showed an operating performance of €41.5 mil. and a turnover of €35.9 mil. The EBITDA came in at €6.4 mil., the EBIT €4.3 mil., the annual net profit was €2.4 mil. The equity ratio at the end of 2006 was 34 percent.

In the completed business year the growth driver was the Automotive business unit, which comprises production and sales of assembly systems for light and heavy commercial vehicles.

For 2008 a further sales increase is expected. Additionally, capacity deficits in the first quarter of 2008 were rectified, enabling the corporation s growth strategy to become effective in the Technical Application business unit as well. In the industry flooring segment, in particular, international orders were gained for equipping BMW, Kia, Porsche, Volkswagen and other production plants.

In order to meet the high demand Delignit AG has once more invested in the expansion of capacities in the past year. Further capacity expansions are planned for 2008 and 2009.

Furthermore, steps towards internationalisation were initiated in 2007. Here, first significant results have already been achieved with the distribution partnerships for Turkey and the target market Southern Europe entered into in 2008.

As of 19th May the complete business report for 2007 can be downloaded online from the Investor Relations section on www.delignit.de.

Delignit AG

The Delignit Group develops, manufactures and sells ecological products and system solutions on the basis of the natural and regenerative wood material Delignit. The Delignit Group is a recognised development, project and series supplier for technology industries such as, for example, the automotive and aviation industry, as well as security technology.
The products have special technical properties and are, inter alia, used as built-in systems for commercial vehicles, bullet proof solution or as innovation in Formula 1 vehicles. The Delignit material is based on wood, is CO2-neutral during its lifecycle and therefore ecologically superior to non-regenerative materials such as plastics and steel. The use of Delignit material therefore improves the environmental balance of customer products and complies with their increasing ecological requirements.
The operating business of the Delignit Group includes the business units Automotive, Technological Applications and Veneer. The company was founded over 200 years ago.
The Group now has more than 1,000 employees in Germany and Romania. You can find further information in the Internet under www.delignit.de.