Delignit - Firing on all cylinders
Delignit is delivering across the board with growing evidence that well-defined strategic development is paying off. While 2017 performance was impressive (EBITDA up a third), the pace may accelerate thanks to recent bumper investment in capacity, efficiencies and a more diversified revenue base, allied with continued positive conditions. Indeed, management looks to double annual revenue at enhanced margin by 2022, which suggests that, as for 2017, current year guidance of sales up 8%+ at broadly similar margin may be cautious. Robust finances (FY17 net debt/EBITDA of 0.8x) support investment and dividend growth (+67% in 2017).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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