Delignit AG Achieves Revenue and Earnings Record in 2023, but Expects Challenging 2024

Delignit AG, known for its ecological, hardwood-based products and system solutions, reported a record-breaking financial year in 2023 with a significant growth in revenue and earnings. The company announced that its group revenues surged to €86.1 million, marking a 14.2% increase from the previous year. Profitability also saw a substantial rise, with EBITDA climbing to €7.1 million from €6.6 million. Additionally, Delignit AG's consolidated net profit grew by 16.8% to €3.2 million, alongside an improved bank balance of €10.4 million and a strong equity ratio of 76.0%.

Despite the past year's success, Delignit AG has a cautious and mixed outlook for 2024, reflecting the challenging overall economic situation in Germany. The company expects a decline in its lead markets, including a continuous downward trend in the caravan business and light commercial vehicles. Forecasts for 2024 suggest revenues could fall to between €75 million and €80 million, with an EBITDA margin of 6% to 7%.

While the immediate outlook for 2024 is less optimistic, the company's medium-term outlook remains positive. Delignit AG believes its resilient business model and strong financial foundation will continue to support significant growth and enable continued investment activity.