Delignit - Further recovery anticipated in FY21
Delignit’s FY20 results exceeded company guidance due to the recovery in automotive segments in the second half of the year. Revenues declined 9% in FY20 with good growth of 3% in the second half. The normalised EBITDA margin increased 40bp, fuelled by lower ramp-up costs of the motor caravan order. Delignit’s FY21 guidance assumes at least 14% growth in revenues and >30% growth in normalised EBITDA. In the longer term, Delignit will benefit from expected growth in commercial vehicles, further geographical expansion and broadening of its product offering.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.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.