Corporate | 23 April 2008 14:38
Delignit AG / Final Results
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Blomberg, 23rd April 2008 – 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.
About the Delignit Group:
The Delignit Group develops, manufactures and distributes ecological
products and system solutions based on the natural and renewable derived
timber product Delignit. The Delignit Group is recognised development and
project partner as well as approved supplier for technology industries such
as, for instance, the automotive and aviation industries, and safety
engineering. The products are characterised by particular technological
properties and their areas of application include usage as assembly systems
for commercial vehicles, bullet-proof solutions or innovations in Formula 1
cars. The wood-based Delignit material is CO2-neutral throughout its
lifecycle and therefore superior to non-regenerative materials such as
plastics and steel. The usage of the Delignit material therefore improves
the customers’ products and meets their increasing ecological demands. The
Delignit Group’s operational business comprises the Automotive,
Technological Applications and Veneer business units. The company was
founded over 200 years ago. Today the Group employs approximately 1,000
staff in Germany and Romania. The Delignit AG is listed in Frankfurt’s
Stock Market’s Entry Standard. You can find more information online at
www.delignit.de.
Contact:
edicto GmbH
Dr. Sönke Knop
Zeißelstraße 19
60318 Frankfurt
Tel. 069-90550551
Fax 069-90550577
eMail: delignit@edicto.de
23.04.2008 Financial News transmitted by DGAP
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Language: English
Issuer: Delignit AG
Königswinkel 2-6
32825 Blomberg
Deutschland
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: Freiverkehr in Düsseldorf, Stuttgart; Open Market (Entry
Standard) in Frankfurt
End of News DGAP News-Service
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