21.03.2017
Nabaltec AG DE000A0KPPR7
DGAP-News: Nabaltec AG continues to post growth, with revenues up 5.2% according to preliminary figures, to EUR 159.2 million
DGAP-News: Nabaltec AG / Key word(s): Preliminary Results
Nabaltec AG continues to post growth, with revenues up 5.2% according to
preliminary figures, to EUR 159.2 million
21.03.2017 / 10:00
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Nabaltec AG continues to post growth, with revenues up 5.2% according to
preliminary figures, to EUR 159.2 million
* EBIT of EUR 12.2 million down only slightly from year before (EUR 14.5
million) despite the extraordinary situation in the US;
* A stand-alone solution for the US subsidiary, Nashtec, to be implemented
through the end of 2017;
* 2017 forecast calls for revenue and earnings growth.
Schwandorf, 21 March 2017 - In 2016, Nabaltec AG continued its successful
performance from the year before, with consolidated revenues of EUR 159.2
million, up 5.2% from the year before (EUR 151.3 million). The results in
each individual quarter improved upon the results from the same quarter of
the year before. The company's two business divisions, "Functional Fillers"
and "Technical Ceramics," both contributed to the revenue growth. Revenues
in the business division "Functional Fillers" were EUR 109.1 million in
2016, up 6.6% from the year before (EUR 102.3 million). The business
division "Technical Ceramics" reported EUR 50.1 million in revenues in
Financial Year 2016, up 2.0% from the year before (2015: EUR 49.1 million).
According to preliminary figures, Nabaltec posted an operating profit (EBIT)
of EUR 12.2 million in 2016. This was a highly satisfactory result in view
of the extraordinary situation in the US, with the insolvency of Nashtec
LLC's raw materials supplier and the associated production freeze, as well
as the increase in contributions to retirement benefit obligations. In the
year before, EBIT came to EUR 14.5 million. Earnings before interest, taxes,
depreciation and amortization (EBITDA) were down slightly, falling by 7.3%,
from EUR 24.7 million to EUR 22.9 million. The EBIT margin (EBIT as a
percentage of total performance) was 7.7%, down from 9.5% in the year
before.
The start in the year 2017 was positive. "We have made progress on our plan
for a stand-alone solution for Nashtec, for which we achieved the most
important milestone with the signing of agreements for the full acquisition
of Nashtec LLC," said Johannes Heckmann, Nabaltec AG's CEO. "Financial Year
2017 will certainly be challenging due to our work in the US, but it will
also be more predictable with the new situation." Nabaltec AG will begin
retooling its production site in Corpus Christi, Texas in the near future
and expects to be able to implement a stand-alone solution for Nashtec
through the end of 2017. Nashtec is expected to resume deliveries to US
customers at the beginning of 2018.
Due to the circumstances to Nashtec, Nabaltec AG has refrained from issuing
a revenue and earnings forecast for 2016. In light of the implementation of
a stand-alone solution through the end of 2017 and assuming economic and
sector performance remain stable, Nabaltec expects revenue growth in the low
single digits in 2017. Nabaltec expects an EBIT margin in the high single
digits in 2017.
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:
Johannes Heckmann
Nabaltec AG
Phone: +49 9431 53-201
Fax: +49 9431 53-260
E-mail: [email protected]
Frank Ostermair/Vera Müller
Better Orange IR & HV AG
Phone: +49 89 8896906-14
Fax: +49 89 8896906-66
E-mail: [email protected]
---------------------------------------------------------------------------
21.03.2017 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.de
---------------------------------------------------------------------------
Language: English
Company: Nabaltec AG
Alustraße 50-52
92421 Schwandorf
Germany
Phone: +49 9431 53-0
Fax: +49 9431 53-260
E-mail: [email protected]
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
---------------------------------------------------------------------------
555865 21.03.2017
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
Nabaltec AG ISIN: DE000A0KPPR7 können Sie bei EQS abrufen
Chemie , A0KPPR , NTG , XETR:NTG