26.05.2015
Nabaltec AG DE000A0KPPR7
DGAP-News: Nabaltec AG's revenues and earnings in the first quarter of 2015 up from the same period of last year
DGAP-News: Nabaltec AG / Key word(s): Quarter Results
Nabaltec AG's revenues and earnings in the first quarter of 2015 up
from the same period of last year
26.05.2015 / 10:00
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Nabaltec AG's revenues and earnings in the first quarter of 2015 up from
the same period of last year
- Revenues up 5.4% to EUR 38.8 million, EBIT up 60.0% to EUR 4.8 million;
- Earnings per share up 52.9%, to EUR 0.26.
Schwandorf, 26 May 2015 - Nabaltec AG published its interim report for the
first quarter of 2015 today, and confirmed its preliminary data. The
company's strong performance last year continued in the first quarter of
2015, as both revenues and earnings exceeded the comparison values from the
year before. Nabaltec's consolidated revenues amounted to EUR 38.8 million
in the first quarter of 2015, up 5.4% from the value posted in the same
quarter of last year, EUR 36.8 million. Relative to the fourth quarter of
2014, revenues were up 14.8%. In operating result (EBIT), a strong 60.0%
gain was posted relative to the first quarter of 2014, to EUR 4.8 million.
Gerhard Witzany, Member of the Board of Nabaltec AG: "Our start in the year
2015 has been made-to-order. We did not only achieve a new record high in
revenues, but strong growth in EBIT as well. This figure was supported by
an increase in other operating income due to positive currency exchange
rate effects, but even adjusting for this effect, we were well above the
comparison value. However, we will not rest on our laurels, as there
continues to be significant potential in both business divisions, which we
want to exploit."
Revenues in the business division "Functional Fillers" climbed from EUR
25.2 million to EUR 26.9 million, and were therefore up 6.7% from the first
quarter of 2014. This growth continues to be based on the very strong
performance of the fine precipitated hydroxide product segment
(eco-friendly flame retardant fillers, e.g. for the cable and wire
industry). The business division "Technical Ceramics" posted a 2.6% gain,
to EUR 11.9 million (same quarter of last year: EUR 11.6 million).
Consolidated operating result (EBIT) amounted to EUR 4.8 million in the
reporting quarter, up from EUR 3.0 million in the same period of last year.
EBIT more than doubled relative to the fourth quarter of 2014. The EBIT
margin (EBIT as a percentage of total performance) climbed from 8.5% in the
first quarter of 2014 to 12.5% in the reporting quarter. Earnings before
interest, taxes, depreciation and amortization (EBITDA) amounted to EUR 7.3
million in the first quarter of 2015, up 35.2% from the value posted in the
same quarter of last year, EUR 5.4 million. Earnings per share were up
52.9%, from EUR 0.17 in the first three months of 2014 to EUR 0.26 in the
reporting period.
Cash flow from operating activities increased from EUR 7.8 million in the
same period of last year to EUR 15.8 million in the first quarter of 2015.
Spending on investments decreased relative to the same quarter of last
year, from EUR 3.8 million to EUR 2.0 million. Cash flow from financing
activities amounted to EUR -8.0 million, compared to EUR -3.0 million in
the same period of last year. Amortization payments were in line with
long-term estimates. In addition, a bank loan in the amount of EUR 5.0
million was amortized ahead of schedule.
The company has confirmed its previous forecast for the present year, which
calls for revenue growth in the mid-single digits and an EBIT margin in
line with last year's margin.
Johannes Heckmann, Member of the Board of Nabaltec AG: "We are presently in
a stable market environment with a positive cross-sector outlook. Our
quality, high delivery reliability, customized solutions and innovations
will continue to separate us from the competition, allowing us to further
strengthen our market position."
Note: Nabaltec AG's interim report for the first quarter of 2015 will be
available for download in the Investor Relations section of www.nabaltec.de
as of 26 May 2015.
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:
Marina Fuchs
Nabaltec AG
Phone: +49 9431 53-205
Fax: +49 9431 53-203
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: Regulated Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart; Open Market (Entry Standard) in Frankfurt
End of News DGAP News-Service
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