26.08.2014
Nabaltec AG DE000A0KPPR7
DGAP-News: Nabaltec AG's revenues and earnings in the first half of 2014 up from the same period of last year
DGAP-News: Nabaltec AG / Key word(s): Half Year Results
Nabaltec AG's revenues and earnings in the first half of 2014 up from
the same period of last year
26.08.2014 / 10:00
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Nabaltec AG's revenues and earnings in the first half of 2014 up from the
same period of last year
- Revenues up 6.1% to EUR 73.0 million, EBIT up 13.8% to EUR 6.6 million;
- Earnings per share up 44.4% to EUR 0.39.
Schwandorf, 26 August 2014 - Nabaltec AG reported EUR 73.0 million in
revenues in the first half of 2014, up 6.1% from the same period of last
year (EUR 68.8 million).
The first and second quarters of 2014 contributed equally to this result.
In the second quarter of 2014, Nabaltec's revenues were EUR 36.2 million,
up 6.5% from the already strong revenues posted in the same quarter of last
year, and nearly equaling the record-high revenues of EUR 36.8 million
posted in the previous quarter.
According to Gerhard Witzany, Member of the Board of Nabaltec AG: "The most
important factor driving this strong revenue growth was, above all, the
performance of the business division 'Functional Fillers', where we have
had the strongest single quarter in our history. We are all the more
satisfied with this result considering that we certainly had to contend
with slight price pressure in the market. In addition to the traditionally
strong fine precipitated hydroxide segment, the newer boehmite and CAHC
product segments also contributed to the growth. Six months into the year,
our revenues in these areas already exceed or equal the revenues posted in
all of last year."
The business division "Functional Fillers" posted EUR 25.3 million in
quarterly revenues, up significantly from the same quarter of last year, by
11.0%, and up slightly from the previous quarter, by 0.4%. The fine
precipitated hydroxide product segment continued to record stable
performance at a high level, as usual, but the newer boehmite and CAHC
product segments also contributed increasingly to overall growth. Revenues
in the business division "Technical Ceramics" fell from EUR 11.2 million in
the second quarter of 2013 to EUR 10.9 million in the reporting period
(down 2.7%).
Consolidated EBIT amounted to EUR 6.6 million in the first half of 2014,
compared to EUR 5.8 million in the same period of last year. EBIT in the
second quarter of 2014 was up 20.0% over the previous quarter, to EUR 3.6
million. The EBIT margin (EBIT as a percentage of total performance)
amounted to 9.1% in the first six months of 2014, up from 8.6% in the same
period of last year. Earnings before interest, taxes, depreciation and
amortization (EBITDA) amounted to EUR 11.4 million in the first half of
2014, up 9.6% from the value of EUR 10.4 million in the same period of last
year. Earnings per share were up by 44.4%, from EUR 0.27 in the first half
of 2013 to EUR 0.39 in the reporting period.
Cash flow from operating activities in the first half of 2014 came to EUR
13.2 million, down slightly from the year before (EUR 15.2 million).
Spending on investments increased from EUR 2.3 million in the same period
of last year to EUR 6.5 million, as Nabaltec AG continues to invest in
process optimization and capacity expansion. Amortization payments were in
line with long-term estimates, so that cash flow from financing activities
amounted to EUR -7.2 million in the first six months of the year, compared
to EUR -5.9 million in the same period of last year.
According to Johannes Heckmann, Member of the Board of Nabaltec AG: "The
general sentiment in the market is entirely positive at the moment and the
market drivers are intact. As a result, we have been able to translate the
strong demand growth into solid earnings growth in this quarter as well. We
remain optimistic about the second half of the year, and we expect a slight
improvement, especially in the 'Technical Ceramics' business division."
The company confirms its previous forecast for the current year, which
calls for revenue growth in the mid-single digits and an EBIT margin in
line with last year's margin.
Note: Nabaltec AG's interim report for the second quarter of 2014 is
available for download in the Investor Relations section of www.nabaltec.de
as of 26 August 2014.
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 "Functional Fillers" and "Technical Ceramics"
divisions. The company's product range includes halogen-free flame
retardant fillers and eco-friendly 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 replace
stabilizers containing heavy metals in PVC processing. Nabaltec also
produces base materials for use in technical ceramics, the refractory
industry and catalysis. Unlike halogenated flame retardant fillers, the
products manufactured by the company's "Functional Fillers" division
contain no hazardous substances and do not require separate disposal.
Rather, the company's flame retardant fillers 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 consolidate 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
Nabaltec AG
Phone: +49 9431 53-202
Fax: +49 9431 53-260
E-mail: [email protected]
Frank Ostermair
Better Orange IR & HV AG
Phone: +49 89 8896906-14
Fax: +49 89 8896906-66
E-mail: [email protected]
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Language: English
Company: Nabaltec AG
Alustraße 50-52
92421 Schwandorf
Germany
Phone: +49 9431 53-0
Fax: +49 9431 53-260
E-mail: info @nabaltec.de
Internet: www.nabaltec.de
ISIN: DE000A0KPPR7, DE000A1EWL99
WKN: A0KPPR, A1EWL9
Listed: Freiverkehr in Berlin, Düsseldorf, München, Stuttgart;
Frankfurt in Open Market (Entry Standard)
End of News DGAP News-Service
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