Nabaltec AG: Nabaltec's revenues set a new record high in the first half of 2017
Nabaltec's revenues set a new record high in the first half of 2017
Revenues in the first half were up 5.6% from the year before, to EUR 88.7 million; EBIT came to EUR 9.7 million in the first six months of the year (up 14.1%); Forecast for 2017 as a whole specified and raised slightly: EBIT margin of around 10% with revenue growth in the mid-single digits.
Schwandorf, 29 August 2017 - Nabaltec AG's revenues climbed to a record high of EUR 88.7 million in the first half of 2017, up 5.6% from the same period of last year (EUR 84.0 million). Revenues in the second quarter were up 5.4% from the year before, to EUR 45.1 million.
"The first half of the year went very well for Nabaltec, with continuing growth in nearly all product segments and regions," said Johannes Heckmann, CEO of Nabaltec AG. "This is evident in our revenue growth in both product segments, as well as in our EBIT, which was once again up in the second quarter from both the same period of last year and the previous quarter, to EUR 5.7 million. Our foreign share is high and stable, and we are investing in the ongoing expansion of our capacities so as to meet the growing market demand over the long term."
Consolidated EBIT came to EUR 9.7 million in the first half of the year, compared to EUR 8.5 million in the same period of last year. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR 15.4 million in the first half of 2017, up 11.6% from the same period of last year, with a value of EUR 13.8 million.
Revenues in the "Functional Fillers" product segment increased to EUR 30.7 million in the second quarter of 2017, up slightly from the second quarter of 2016, when revenues were EUR 30.3 million. Revenues in the "Technical Ceramics" product segment were EUR 14.4 million, up 15.2% from the same quarter of last year, when revenues were EUR 12.5 million.
According to Günther Spitzer, CFO of Nabaltec AG: "We were able to post record-high revenues in the first half of the year, and we did this without the production of our US subsidiary Nashtec. We expect the plant in the US to go back online in the first quarter of 2018. We intend to use the capacity, which this frees up at Schwandorf to participate to a greater extent in the growth of the European market for eco-friendly flame retardants. We are currently operating at the very limit of our capacity at the Schwandorf site in this product segment, which has resulted in a strong margin. Accordingly, we have specified our forecast for 2017 as a whole and adjusted it slightly upward."
Nabaltec AG has raised its EBIT margin forecast slightly, from its previous expectation, which lay in the high single digits, to around 10% for 2017 as a whole. Expectations with regard to underlying revenue growth have been raised slightly as well, from the low single digits to the mid-single digits.
Note: Nabaltec AG's quarterly report for the second quarter of 2017 will be available for download as of 29 August 2017 in the Investor Relations section of www.nabaltec.de.
About Nabaltec AG: Nabaltec AG, with registered office in Schwandorf, a chemicals business which has received multiple awards for innovativeness, manufactures, develops and distributes highly specialized products based on aluminum hydroxide ("ATH") and aluminum oxide, as well as other raw materials, on an industrial scale through its two product segments, "Functional Fillers" and "Technical Ceramics." The company's product range includes halogen-free flame retardant fillers and functional additives for the plastics industry. Flame retardant fillers are used e.g. in cables in tunnels, airports, high-rise buildings and electronic devices, while additives have applications in catalysis and in electric vehicles. Nabaltec also produces base materials for use in technical ceramics and the refractory industry. Unlike halogenated flame retardants, flame retardant fillers contain no hazardous substances and do not require separate disposal. Rather, they actually decrease the development of fumes hazardous to human health and the environment in the event of fire. Nabaltec maintains production sites in Germany and the US and plans to continue to develop its market position by expanding capacity, further optimizing processes and quality and making strategic extensions to its product range. On the strength of its specialty products, the company strives to attain the market leadership in each segment.
Contact: Heidi Wiendl-Schneller Nabaltec AG Phone: +49 9431 53-202 Fax: +49 9431 53-260 E-mail: InvestorRelations@nabaltec.de Frank Ostermair/Vera Müller Better Orange IR & HV AG Phone: +49 89 8896906-14 Fax: +49 89 8896906-66 E-mail: email@example.com
29.08.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English
Company: Nabaltec AG Alustraße 50-52 92421 Schwandorf
Germany Phone: +49 9431 53-0 Fax: +49 9431 53-260 E-mail: firstname.lastname@example.org Internet: www.nabaltec.de ISIN: DE000A0KPPR7, DE000A1EWL99 WKN: A0KPPR, A1EWL9 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange; Open Market (Scale) in Frankfurt End of News DGAP News Service