30.04.2018
Nabaltec AG DE000A0KPPR7
DGAP-News: Nabaltec AG confirms 2017 preliminary data and posts record-high revenues in the first quarter of 2018
DGAP-News: Nabaltec AG / Key word(s): Final Results
Nabaltec AG confirms 2017 preliminary data and posts record-high revenues in
the first quarter of 2018
30.04.2018 / 10:00
The issuer is solely responsible for the content of this announcement.
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Nabaltec AG confirms 2017 preliminary data and posts record-high revenues in
the first quarter of 2018
* Revenues of EUR 168.6 million in 2017 (up 5.9%)
* EBIT at a record high of EUR 18.3 million (2016: EUR 12.2 million)
* Dividend of EUR 0.18 planned
* First quarter of 2018: preliminary EBIT of EUR 4.3 million (Q1/2017: EUR
4.0 million) and revenues of EUR 45.2 million 4 (Q1/2017: EUR 43.6
million)
* 2018: resumption of production at the US subsidiary Nashtec and
construction of additional production facilities in the US
Schwandorf, 30 April 2018 - Nabaltec AG published its consolidated financial
statements today and confirmed its preliminary data for Financial Year 2017.
Its revenue growth has continued, with consolidated revenues of EUR 168.6
million, up from EUR 159.2 million in the year before (up 5.9%). EBIT
amounted to EUR 18.3 million, up from EUR 12.2 million in the year before,
for a gain of 50.0%.
"In a challenging year 2017, we were able to demonstrate what we are capable
of. We were able to set record highs in both revenues and earnings, with an
EBIT margin of 10.8%, and all this despite losing the revenues from our US
subsidiary Nashtec, which contributed around EUR 13 million in revenues in
2016," said Johannes Heckmann, CEO of Nabaltec AG. "And we were able to stay
on track in the first quarter of 2018 as well. As a result, the Management
and Supervisory Boards intend to propose a dividend of EUR 0.18 per share to
our shareholders at the 2018 Annual Meeting."
According to preliminary data, Nabaltec's revenues in the first quarter of
2018 were EUR 45.2 million, up 18.6% from the previous quarter and up 3.7%
from the same quarter of last year. Revenues in the "Functional Fillers"
product segment came to EUR 29.3 million, up from EUR 29.0 million in the
year before (up 1.0%), and revenues in the "Specialty Alumina" product
segment were up 8.9%, to EUR 15.9 million (prior-year quarter: EUR 14.6
million). An operating profit (EBIT) of EUR 4.3 million was posted in the
reporting period according to preliminary data, and an EBIT margin (EBIT as
a percentage of total performance) of 10.0%. EBITDA amounted to EUR 7.3
million in the first quarter of 2018, according to preliminary data.
On the operational level as well, 2018 is off to a good start. All shares in
Nashtec LLC were acquired in 2017 and production is expected to resume in
the second quarter of 2018. Following a start-up phase, Nashtec will have a
total capacity of 30,000 tons a year. There are also plans to acquire two
properties in the US through a US subsidiary which has yet to be formed.
Under the current plan, the first stage will be to construct a production
facility for refined hydroxides with a capacity of around 30,000 tons per
year by mid-2019. A facility for the production of boehmite will follow in a
second stage. Nabaltec currently expects the project to have a positive
impact on consolidated earnings one year after the new US plant goes online.
Assuming stable economic performance, Nabaltec expects revenue growth in the
mid-single digits in 2018. The company expects to post an EBIT margin in the
high single digits. The start-up phase for the US subsidiary Nashtec will
weigh down earnings in 2018, which will be a year of transition.
Note: the 2017 Annual Report and 2017 Andividual Financial Statements for
Nabaltec AG are available for download in the Investor Relations section of
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 and aluminum oxide on an industrial scale through its two product
segments, "Functional Fillers" and "Specialty Alumina." The company's
product range includes halogen-free flame retardant fillers and functional
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 have applications in catalysis and in electric vehicles.
Nabaltec also produces specialty oxides for use in technical ceramics and
the refractory industry. Unlike halogenated flame retardants, flame
retardant fillers contain no hazardous substances and do not require
separate disposal. Rather, they 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/Vera Müller
Better Orange IR & HV AG
Phone: +49 89 8896906-14
Fax: +49 89 8896906-66
E-mail: [email protected]
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30.04.2018 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.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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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: [email protected]
Internet: www.nabaltec.de
ISIN: DE000A0KPPR7, DE000A1EWL99
WKN: A0KPPR, A1EWL9
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Frankfurt (Scale), Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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680667 30.04.2018
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