Delignit

DB: DLX

€39.8m market cap

€4.86 last close

Delignit manufactures ecological products and system solutions based on sustainable raw materials for the automotive and railway industries. Exports account for over 40% of sales.

Investment summary

Delignit’s H120 results were clearly affected by the COVID-19 pandemic, with revenues down 20.6% and EBITDA decreasing by 35%. Cost-cutting measures, such as using so-called Kurzarbeit (short-time working arrangements) and reducing temporary work, have somewhat limited the decline in profitability. Delignit’s FY20 guidance assumes a 5–21% y-o-y fall in revenues in H220, which implies at least flat revenue in H2 vs H1. Longer term, Delignit will benefit from expected growth in commercial vehicles, further geographical expansion and broadening its product offering.

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Sector
Industrials
Share price graph
Price performance
%
1m
3m
12m
Actual 0.0 7.0 12.8
Relative* (0.1) 12.3 14.5
52-week high/low €7.6/€3.8
*% relative to local index
Key management
Markus Buescher CEO