28.05.2020 Nabaltec AG  DE000A0KPPR7

DGAP-News: Nabaltec AG starts off 2020 with a modest first quarter


 

DGAP-News: Nabaltec AG / Key word(s): Quarter Results
Nabaltec AG starts off 2020 with a modest first quarter

28.05.2020 / 10:00
The issuer is solely responsible for the content of this announcement.


Nabaltec AG starts off 2020 with a modest first quarter

  • EUR 45.4 million in revenues in the first quarter of 2020 (Q1/2019: EUR 48.5 million)
  • EBIT of EUR 2.5 million in the first three months of 2020 (Q1/2019: EUR 5.8 million)
  • EBIT margin of 5.9% (as a percentage of total performance)

Schwandorf, 28 May 2020 - Nabaltec AG published its quarterly report for the first quarter of 2020 today in which it confirmed the published preliminary data. The company earned EUR 45.4 million in revenues in the first quarter of 2020, compared to EUR 48.5 million in the same period of last year. Operating profit (EBIT) amounted to EUR 2.5 million in the first three months of the year, compared to EUR 5.8 million in the first quarter of 2019, for an EBIT margin (EBIT as a percentage of total performance) of 5.9%. EBITDA came to EUR 6.1 million (Q1/2019: EUR 9.0 million).

Johannes Heckmann, the CEO of Nabaltec AG, stated as follows: "Results in the first quarter of 2020 lagged behind our expectations relative to the same quarter of last year but we did very well in terms of revenues in light of the fact that the environment has become significantly more challenging and complex. We are currently seeing a certain amount of price pressure on the sales side, and orders from our customers have been significantly more volatile and short-term in nature. In addition, the COVID-19 pandemic began to have a noticeable impact on our business in the first quarter, particularly in Asia and, since March, in Southern Europe as well."

Revenues in the "Functional Fillers" product segment amounted to EUR 31.7 million, compared to EUR 32.5 million in the same quarter of last year. Revenues in the "Specialty Alumina" product segment came to EUR 13.7 million, compared to EUR 15.9 million in the same period of last year.

The boehmite product range continues to perform well, with e-mobility as the key driver, posting growth of more than 40% over the first quarter of last year. This strong growth is all the more remarkable considering the fact that sales were generated almost entirely in Asia, and that sales performance was very difficult to predict following the shutdown in China and other key Asian countries over the course of the first quarter. The mid- and long-term outlook for e-mobility, and by extension for lithium ion batteries, is still excellent.

"We believe that Nabaltec is well-positioned in the long run. We are already well-prepared for the future thanks to the expansion of our US operations and our investments in the Schwandorf site," Nabaltec AG's CEO continued. "Given the current environment, we are unable to issue a reliable forecast for the year as a whole. The impact of the COVID-19 pandemic will be a heavy drag in the second quarter and we are expecting revenues to be down significantly in both product segments from the previous quarter as well as from the same quarter of last year."

Nabaltec AG withdrew the forecast provided in its 2020 Annual Report on 30 April 2020 and will not be issuing a new forecast for the time being. The company believes that is well-equipped in terms of liquidity and, in April 2020, was able to repay a loan against borrower's note with a volume of EUR 31 million, with one third of the funds coming from cash flow and two thirds from a new bank loan with improved terms.

Note: Nabaltec AG's quarterly report for the first quarter of 2020 will be available for download as of 28 May 2020 in the Investor Relations section of www.nabaltec.de/en.


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 eco-friendly 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, the refractory and polishing industries. 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 Frank Ostermair/Vera Müller
Nabaltec AG Better Orange IR & HV AG
Phone: +49 9431 53-202 Phone: +49 89 8896906-14
Fax: +49 9431 53-260 Fax: +49 89 8896906-66
E-mail: [email protected] E-mail: [email protected]


28.05.2020 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.
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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), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1057295

 
End of News DGAP News Service

1057295  28.05.2020 

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 168,60 176,74 179,03 159,58 187,02 218,84 200,10
EBITDA1,2 30,03 30,59 32,34 23,55 37,29 42,37 28,00
EBITDA-Marge3 17,81 17,31 18,06 14,76 19,94 19,36
EBIT1,4 18,32 18,47 18,63 -15,86 24,55 29,17 18,30
EBIT-Marge5 10,87 10,45 10,41 -9,94 13,13 13,33 9,15
Jahresüberschuss1 11,45 10,29 10,70 -19,65 16,26 26,38 10,80
Netto-Marge6 6,79 5,82 5,98 -12,31 8,69 12,05 5,40
Cashflow1,7 25,91 16,06 22,37 24,31 33,16 32,44 0,00
Ergebnis je Aktie8 1,39 1,17 1,22 -2,23 1,85 3,00 1,23
Dividende8 0,18 0,20 0,20 0,00 0,25 0,28 0,15
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Deloitte

INVESTOR-INFORMATIONEN
©boersengefluester.de
Nabaltec
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0KPPR 12,650 Halten 111,32
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
7,03 17,41 0,41 12,21
KBV KCV KUV EV/EBITDA
0,85 3,43 0,56 3,36
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,28 0,20 1,58 25.06.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
23.05.2024 22.08.2024 23.11.2023 25.04.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-16,76% -24,27% -34,79% -44,03%
    
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Chemie , A0KPPR , NTG , XETR:NTG