31.05.2016
Nabaltec AG DE000A0KPPR7
DGAP-News: Nabaltec AG once again posts record-high revenues in the first quarter of 2016
DGAP-News: Nabaltec AG / Key word(s): Quarter Results
Nabaltec AG once again posts record-high revenues in the first quarter of
2016
31.05.2016 / 10:00
The issuer is solely responsible for the content of this announcement.
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Nabaltec AG once again posts record-high revenues in the first quarter of
2016
- Revenues up 6.2%, to EUR 41.2 million
- EBIT at EUR 3.5 million after the first three months of 2016, EBIT margin
at 8.5%
Schwandorf, 31 May 2016 - Nabaltec AG published its interim report for the
first quarter of 2016 today and confirmed its preliminary estimates. The
company set a new record for revenues with EUR 41.2 million in the first
quarter of 2016, up 6.2% from the year before. Revenues were up 14.8% from
the fourth quarter of 2015.
Gerhard Witzany, Member of the Board of Nabaltec AG: "In the first Quarter
of 2016, we were able to continue our long-term growth trend despite a
somewhat volatile and in some cases heterogeneous economic environment, and
our revenues improved in nearly all regions. Growth in the first quarter
was especially strong in the European market outside of Germany. But all
across our company's divisions and product segments, the results once again
made it clear that we continue to have considerable potential and that we
are on the right track to exploit this potential for our earnings-oriented
growth strategy."
Revenues in the business division "Functional Fillers" climbed from EUR
26.9 million in the first quarter of last year to EUR 28.1 million, for an
increase of 4.5%. This growth continues to be based on the very strong
performance of the fine precipitated hydroxides product segment (eco-
friendly flame retardant fillers, e.g. for the cable & wire industry). The
business division "Technical Ceramics" reported revenues of EUR 13.1
million, up 10.1% from the same quarter of last year, when the division
posted EUR 11.9 million in revenues.
Consolidated EBIT in the reporting quarter amounted to EUR 3.5 million,
down from EUR 4.8 million in the same period of last year. Compared to the
same period of last year, EBIT in the first quarter of 2016 were weighed
down by the effects of changes in the EUR/USD exchange rate. EBIT improved
by 25.0% over the fourth quarter of 2015. The EBIT margin (EBIT as a
percentage of total performance) was 8.5% after the first three months of
2016. Earnings before interest, taxes, depreciation and amortization
(EBITDA) came to EUR 6.2 million in the first quarter of 2016, down 15.1%
from the figure posted in the year before, which was inflated due to
positive currency translation effects. Earnings per share were EUR 0.22
after the first three months of 2016, down from EUR 0.26 in the first three
months of 2015.
Cash flow from operating activity was down, due e.g. to the impact of the
decrease in earnings and the change in trade payables from the very high
figure posted last year, EUR 15.8 million, down to EUR 9.8 million in the
first three months of 2016. Spending on investments increased from EUR 2.0
million in the same quarter of last year to EUR 7.3 million. Cash flow from
financing activity came to EUR -2.8 million, compared to EUR -8.0 million
in the same period of last year.
The company expects to post moderate growth for 2016 as a whole. A
quantitative revenue and earnings forecast for 2016 is not yet possible
given the difficulty of predicting future developments for Sherwin Alumina
LLC in connection with its ongoing Chapter 11 bankruptcy procedure and its
possible impact on the supply chain of Nabaltec's US subsidiary Nashtec.
Johannes Heckmann, Member of the Board of Nabaltec AG, stated as follows:
"In the first quarter of 2016, it was proven once again that our strategy
of supplying high-quality products to specialized segments has the
potential to allow us to succeed despite difficult conditions in individual
sectors. We will continue to work to improve our market position."
Note: Nabaltec AG's interim report for the first quarter of 2016 will be
available for download in the Investor Relations section of www.nabaltec.de
as of 31 May 2016.
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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31.05.2016 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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467517 31.05.2016
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