NANOGATE AG, DE000A0JKHC9

NANOGATE AG, DE000A0JKHC9

16.08.2017 - 10:38:51

Nanogate AG Raises Forecast for Fiscal Year 2017 Following Strong Business Development in First Half-Year

Göttelborn, August 16, 2017. Nanogate AG, a leading global specialist in design-oriented high-tech surfaces and components, is raising its forecast for Group sales and consolidated EBITDA for fiscal year 2017. The new forecast predicts that Group sales are set to climb to over EUR 170 million (previous year: EUR 112.5 million); over EUR 160 million was previously expected. Despite the costs of integration of new US equity holding Nanogate Jay Systems, planned particularly for the second half-year, the forecast for consolidated EBITDA is being raised to at least EUR 20 million (previous year: EUR 12.4 million); consolidated EBITDA of at least EUR 18 million was previously expected. Despite depreciation charges and financing costs rising, as planned, consolidated net income is also likely to improve compared with 2016.

The annual forecast is being increased due to the strong business development in the first half of 2017. In the first six months of 2017, consolidated sales increased to over EUR 93 million according to preliminary figures; they stood at EUR 52.2 million in the same period of the previous year. The new US equity holding Nanogate Jay Systems also contributed to this. The operating Group result (EBITDA) improved to over EUR 10.5 million, compared with EUR 5.9 million in the same period of the previous year. As of the reporting date (June 30, 2017), cash and cash equivalents stood at over EUR 24 million (December 31, 2016: EUR 22.6 million). In addition, the Group is planning the start of a new innovation program with the introduction of numerous new technologies and applications.

 

Information and Explanation of the Issuer to this News:

Further information can be found in the press release also published today.

Nanogate on Twitter: http://twitter.com/nanogate_ag

If you have any queries, please contact:

Christian Dose (financial press and investors) WMP Finanzkommunikation GmbH Tel. +49-69-577-030-021 nanogate@wmp-ag.deJuliane Wernet Nanogate AG Tel. +49-6825-9591-223 juliane.wernet@nanogate.com Nanogate AG Zum Schacht 3 66287 Göttelborn Germany www.nanogate.com    

Nanogate AG: Nanogate (ISIN DE000A0JKHC9) is a leading global specialist for design-oriented high-tech surfaces and components of very high optical quality. The Group employs around 1,100 people. Nanogate develops and produces design-oriented surfaces and components and enhances them with additional properties (e.g. nonstick, scratchproof, anticorrosive).

The Group has first-class references (e.g. Airbus, Audi, August Brötje, BMW, BSH Hausgeräte, Daimler, FILA, Ford, Fresenius, GM, Jaguar, Junghans, Porsche and Volkswagen). Several hundred mass production projects for customers have already been implemented successfully. The Nanogate Group is represented on both sides of the Atlantic with its own production facilities. The Group comprises Nanogate Eurogard Systems B.V., Nanogate GfO Systems AG, Nanogate Industrial Systems GmbH, Nanogate Textile & Care Systems GmbH, Nanogate Glazing Systems B.V., Nanogate PD Systems GmbH and Nanogate Vogler Systems GmbH, as well as majority stakes in Nanogate Goletz Systems GmbH and U.S. company Nanogate Jay Systems LLC. It also has sales companies in the U.S. and Turkey.

True to its slogan 'A world of new surfaces,' Nanogate is a long-standing innovation partner who opens up the diverse possibilities offered by new materials to companies in a wide range of industries. It aims to improve customers' products and processes and to provide environmental benefits by using multifunctional surfaces, such as those made of plastic or metal, and innovative plastic components. The Group concentrates on attractive sectors such as automotive/transport, mechanical/plant engineering, buildings/interiors and sport/leisure. As a systems provider, Nanogate offers the entire value chain materials development for surface systems, series coating of various different substrates as well as the production and enhancement of complete plastic components. The main value drivers are the opening up of international markets, the development of new applications for the strategic growth areas Advanced Polymers (innovative plastics) and Advanced Metals (innovative metal enhancements) as well as external growth.

Disclaimer: This publication constitutes neither an offer to sell nor an invitation to buy securities. The shares in Nanogate AG (the 'Shares') may not be offered or sold in the United States or to or for the account or benefit of 'U.S. persons' (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the 'Securities Act')). No offer or sale of transferable securities is being made to the public.

16-Aug-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English

Company: NANOGATE AG Zum Schacht 3 66287 Göttelborn

Germany Phone: +49 (0)6825/95 91 0 Fax: +49 (0)6825/95 91 852 E-mail: nanogate@wmp-ag.de Internet: www.nanogate.de ISIN: DE000A0JKHC9, DE000A2DAPR0 WKN: A0JKHC, A2DAPR Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange; Open Market (Scale) in Frankfurt   End of Announcement DGAP News Service

601693  16-Aug-2017 CET/CEST

@ dgap.de

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