25.02.2016
Nabaltec AG DE000A0KPPR7
DGAP-News: Nabaltec AG posts further growth in 2015 according to preliminary data and announces an upcoming change in the Management Board
DGAP-News: Nabaltec AG / Key word(s): Preliminary Results/Change of
Personnel
Nabaltec AG posts further growth in 2015 according to preliminary data and
announces an upcoming change in the Management Board
25.02.2016 / 13:40
The issuer is solely responsible for the content of this announcement.
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Nabaltec AG posts further growth in 2015 according to preliminary data and
announces an upcoming change in the Management Board
- Revenues up 5.6% to EUR 151.3 million, EBIT up 14.2% to EUR 14.5
million;
- Earnings per share up 21.7%, to EUR 0.84;
- Planned Management Board change and appointment of new members on 1
January 2017.
Schwandorf, 25 February 2016 - According to preliminary data, Nabaltec AG's
very strong performance in the year before continued in Financial Year 2015
as well, with key financial performance indicators showing gains over the
year before. Revenues were stable at a high level throughout the year,
posting gains over the year before in all four quarters. Total revenues in
2015 were up 5.6%, to EUR 151.3 million, and operating profit (EBIT) was up
14.2%, to EUR 14.5 million. Earnings per share were up 21.7%, to EUR 0.84
per share, and shareholders' equity increased by 10.7%, to EUR 58.1
million. The EBIT margin in Financial Year 2015 (EBIT as a percentage of
total performance) was 9.5% based on preliminary data. These results are in
line with Nabaltec AG's announced revenue and earnings forecasts.
Gerhard Witzany, Member of the Board of Nabaltec AG, stated as follows: "We
once again posted very strong growth last year with largely stable market
conditions, and we met our forecasts for revenues and earnings. This is
further evidence that our market position is extremely solid and that we're
on the right track with our strategy of positioning ourselves in the market
based on quality, delivery reliability and solutions which are customized
to meet the individual needs of our customers. Still, we will not rest on
our laurels; rather, we will continue to exhaust the potential in our
target markets in the future."
Both business divisions contributed to the strong revenue growth in 2015.
The business division "Functional Fillers" posted revenues of EUR 102.3
million in Financial Year 2015, up 3.4% from the year before (2014: EUR
98.9 million). This growth was due above all to the increased focus on
product segments with high added value, such as fine precipitated
hydroxides (eco-friendly flame retardant fillers, e.g. for the cable & wire
industry). The business division "Technical Ceramics" posted revenues of
EUR 49.1 million in 2015, up from EUR 44.5 million the year before, for a
gain of 10.3%, due above all to an increase in sales volume and a shift in
the product mix towards high-margin product segments. The Group's export
ratio climbed to 72.3%, up from 71.6% in 2014.
EBITDA over both business divisions amounted to EUR 24.7 million, up from
EUR 22.4 million the year before (up 10.3%). EBITDA in the business
division "Functional Fillers" improved slightly, from EUR 17.4 million to
EUR 17.8 million in the reporting year (up 2.3%). EBITDA in the business
division "Technical Ceramics" was up 40.8% compared to the previous year,
from EUR 4.9 million to EUR 6.9 million, due to the optimization in the
product mix.
The company is off to a good start in 2016. According to Johannes Heckmann,
Member of the Board of Nabaltec AG, "2016 will be a challenging year for
us. Disruptions in the operations of our US subsidiary Nashtec LLC cannot
be ruled out at present as a result of the fact that the raw materials
supplier Sherwin Alumina LLC has filed for bankruptcy under Chapter 11 of
the US Bankruptcy Code. With our new Tokyo-based subsidiary Nabaltec Asia
Pacific K.K., we are beginning a new chapter to strengthen our sales
activities in Asia. A significant change will result from the planed
composition of the Management Board as of 2017."
Gerhard Witzany plans to resign from the Management Board at the end of
2016 due to age reasons. As a major shareholder, the Witzany family will
continue to have close ties with the company. The Supervisory Board intends
to extend the term of Management Board Member Johannes Heckmann by five
years and appoint him Chairman of the Management Board (CEO) as of 1
January 2017. To succeed Gerhard Witzany, the Supervisory Board intends to
appoint two longstanding employees to the Management Board who currently
hold positions in the upper management: Günther Spitzer, currently Director
Controlling/Finance, will serve as CFO, and Dr. Michael Klimes, presently
Director Division Functional Fillers, will serve as COO. This will ensure
continuity in Nabaltec AG's further development.
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-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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25.02.2016 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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