Corporate | 12 August 2016 10:24
MBB SE subsidiary Delignit AG wins new automotive serial delivery contracts and expands capacity
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DGAP-News: MBB SE / Key word(s): Incoming Orders
Delignit AG wins new automotive serial delivery contracts and expands capacity
– Follow-up order for light commercial vehicle (LCV) with current original equipment manufacturer (OEM) customer
Berlin, 12 August 2016. Delignit AG, a subsidiary of MBB SE (ISIN DE000A0ETBQ4) and leading manufacturer of ecological, hardwood-based products and system solutions, has won two important automotive serial delivery contracts and executes an investment programme to meet the expected capacity demand. Delignit AG was able to secure a light commercial vehicle follow-up order with a leading German automotive OEM. The contract for the successor model will have a wider scope of delivery, now also comprising wheel house fairings for the interior. A production period of ten years is planned for this LCV model. Furthermore, within the scope of a newly won OEM contract with another leading German automotive OEM, Delignit AG will deliver a wide range of its product portfolio of cargo-bay protection solutions to the customer’s production plant in a neighbouring European country, including a specially developed synthetics-based side-panel solution. This OEM-contract spans a time of more than ten years and shall create revenue starting financial year 2017. With regard to financial year 2018, in which these contracts will show their full revenue impact for the first time, an additional revenue volume of up to EUR10 million might be possible, assumed, that the underlying non-binding OEM sales plans of the respective contracts will be met. In order to have the necessary capacity available for the potential revenue increase, Delignit AG will execute an extensive investment programme of up to EUR6 million within the forthcoming 24 months. An innovative press-technology will be put to work, not only increasing capacity but also improving efficiency of the total production process. Additionally, Delignit AG will invest in the expansion of its CNC-capacity including a special CNC-line for light-weight products. Based on the successful acquisition of new and follow-up contracts over the past quarters, Delignit AG is optimistic concerning its further business development. For financial year 2016, revenues are expected to grow. This growth is projected to continue in the following years. About MBB SE: MBB SE is a medium-sized family business that has expanded steadily since it was founded in 1995 through organic growth and the acquisition of companies. Increasing long-term value of the independent subsidiaries and the Group as a whole is the heart of its business model which has been highly profitable from the outset. Substantial growth and sustainable returns will remain MBB SE’s goal in future as well. Further information on MBB SE can be found at www.mbb.com —
MBB SE
Tel +49 30 844 15 330
Executive Management
Chairman of the Board
Court of Registration
2016-08-12 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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| Language: | English | |
| Company: | MBB SE | |
| Joachimsthaler Strasse 34 | ||
| 10719 Berlin | ||
| Germany | ||
| Phone: | +49 (0) 30 844 15 330 | |
| Fax: | +49 (0) 30 844 15 333 | |
| E-mail: | anfrage@mbb.com | |
| Internet: | www.mbb.com | |
| ISIN: | DE000A0ETBQ4 | |
| WKN: | A0ETBQ | |
| Indices: | PXAP | |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange | |
| End of News | DGAP News Service |