Delignit - Confidence undimmed
Delignit continues to please with a 16% rise in FY18 EBITDA despite a demanding comparative and one-off contract as well as project start-up costs. Automotive, the major sector, stole the show with revenue up a quarter thanks to strong OEM activity and the maximisation of revenue per vehicle. This momentum, allied with an initial contribution from a potentially transformative OEM motor caravan order, underpins guidance of further double-digit growth in 2019 revenue at maintained EBITDA margin. Finances are healthy (year-end net debt was inflated by a temporary delay in customer receipts), allowing investment (up c 20% in FY18) and a progressive dividend policy.Delignit AG is a Germany-based supplier of technological products and system solutions produced from the ecological, wood-based Delignit material. It operates through two segments: Automotive and Technological Applications. The Automotive division focuses on the production and sale of safety features for automobile interior and loading area protection for light commercial vehicles, such as for floors, walls and partitions. The Technological Applications segment offers floors for production sites and rail vehicles, fire safety and sound proofing in public buildings, including safety components and construction elements, as well as on tool construction, such as the production of sheet-forming tools.
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