29.04.2016
Nabaltec AG DE000A0KPPR7
DGAP-News: Nabaltec AG confirms preliminary figures for Financial Year 2015 and generates record revenues in the first quarter of 2016
DGAP-News: Nabaltec AG / Key word(s): Final Results
Nabaltec AG confirms preliminary figures for Financial Year 2015 and
generates record revenues in the first quarter of 2016
29.04.2016 / 10:00
The issuer is solely responsible for the content of this announcement.
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Nabaltec AG confirms preliminary figures for Financial Year 2015 and
generates record revenues in the first quarter of 2016
- Total revenues of EUR 151.3 million and EBIT of EUR 14.5 million
confirmed for 2015;
- Earnings per share climb 21.7% in 2015 to EUR 0.84;
- Revenues for the first three months of 2016 stand at EUR 41.2 million,
up from EUR 38.8 million in the previous year;
- Management Board and Supervisory Board plan to propose a dividend of
EUR 0.15.
Schwandorf, 29 April 2016 - Nabaltec AG published its 2015 consolidated
financial statements today and confirmed the preliminary figures. In the
past financial year, the company once again increased its revenues - by
5.6% - from EUR 143.3 million in the previous year to EUR 151.3 million.
Earnings before interest and taxes (EBIT) of EUR 14.5 million and earnings
per share of EUR 0.84 Euro once more exceeded the record levels of the
previous year by 14.2% and 21.7%, respectively. All four quarters equally
contributed to the good revenue trend, with each quarter up on the previous
year's value. At EUR 155.0 million, orders received in 2015 were up by 2.5%
on the previous year.
According to Gerhard Witzany, Member of the Board of Nabaltec AG: "The past
year again saw us deliver customized solutions of top quality to our global
customers. This reliability is an essential success factor and the basis
for our continued growth potential also in the international markets. Based
on our very good performance in 2015 and the prospects of continued
moderate growth in 2016, the Management Board and the Supervisory Board
intend to propose to our shareholders at the 2016 Annual Meeting a dividend
increase from EUR 0.12 per share to EUR 0.15 per share."
Nabaltec Group's operating cash flow was down by a moderate 3.8% on the
previous year's EUR 20.9 million to EUR 20.1 million. A lower increase in
trade payables and other liabilities of EUR 0.9 million was offset by a EUR
3.2 million rise in inventories.
The company had a positive start to 2016. According to preliminary figures,
Nabaltec's revenues in the first three months of 2016 of EUR 41.2 million
significantly exceeded the level of both the previous quarter and the first
quarter of 2015 and reached a new record high. The business division
"Functional Fillers" generated revenues of EUR 28.1 million, while the
business division "Technical Ceramics" posted revenues of EUR 13.1 million.
According to preliminary figures, Nabaltec had an operating result (EBIT)
of EUR 3.5 million in the reporting period, as well as an EBIT margin (EBIT
as a percentage of total performance) of 8.5%. Compared to the prior year
period, EBIT was adversely affected by EUR/USD exchange rate effects in the
first quarter of 2016. Based on preliminary figures, EBITDA amounted to EUR
6.2 million in the reporting period.
"We have been able to continue the good business performance of the
previous year in 2016 and expect moderate revenue growth. In view of the
unpredictable outcome of the Chapter 11 proceedings of our US raw materials
supplier, Sherwin Alumina LLC, we are a bit concerned about the current
financial year, although we recently received the good news that an
affiliate of the minority shareholder in Nashtec LLC won the bid to
purchase Sherwin Alumina LLC's assets," says Johannes Heckmann, Member of
the Board of Nabaltec AG. "Hence, the future owner of Sherwin will have an
indirect interest to ensure the economic success of Nashtec. We will
certainly take all necessary steps to allow our US subsidiary, Nashtec, to
continue operating as smoothly as possible and, furthermore, to convince
our US customers of our strengths."
Note: The 2015 Annual Report and the 2015 Annual Financial Statements of
Nabaltec AG are available for download in the Investor Relations section at
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 "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 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: [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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29.04.2016 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.
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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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