30.08.2016
Nabaltec AG DE000A0KPPR7
DGAP-News: Nabaltec AG: Nabaltec sets a new revenue record in the first half of 2016
DGAP-News: Nabaltec AG / Key word(s): Half Year Results
Nabaltec AG: Nabaltec sets a new revenue record in the first half of 2016
30.08.2016 / 11:00
The issuer is solely responsible for the content of this announcement.
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Nabaltec sets a new revenue record in the first half of 2016
- Revenues up 8.0% over the year before, to EUR 84.0 million
- EBIT of EUR 5.0 million in the second quarter, up from last quarter and
the same quarter of last year
Schwandorf, 30 August 2016 - Nabaltec AG's revenues climbed to a record
high of EUR 84.0 million in the first half of 2016, up 8.0% from the same
period of last year (EUR 77.8 million). Revenues in the first quarter were
up 6.2% from the year before, and the growth rate improved to 9.7% in the
second quarter, when revenues amounted to EUR 42.8 million.
"The positive results in the first half of 2016 once again demonstrate our
company's strong position," said Johannes Heckmann, Member of the Board of
Nabaltec AG. "Revenues were up in both of our business divisions, and EBIT
in the second quarter came to EUR 5.0 million, up from the year before and
from last quarter. We were also able to post an EBIT margin of 10.1%
relative to total performance over the first six months of the year."
Consolidated EBIT in the first half of 2016 amounted to EUR 8.5 million,
compared to EUR 9.0 million in the same period of last year. Earnings
before interest, taxes, depreciation and amortization (EBITDA) amounted to
EUR 13.8 million in the first half of 2016, down 1.4% from the same period
of last year, when a figure of EUR 14.0 million was posted. This slight
decrease in earnings was attributable to relatively weak earnings in the
first quarter of 2016. With after-tax earnings of EUR 4.3 million, on par
with the year before, earnings per share in the first quarter of 2016 came
to EUR 0.53, compared to EUR 0.54 in the same period of last year.
Revenues in the business division "Functional Fillers" amounted to EUR 30.3
million in the second quarter of 2016, up 13.1% from the second quarter of
2015, when the division's revenues came to EUR 26.8 million. The stable
growth in demand for functional fillers continues to be built upon the
strong positive trend in the fine precipitated hydroxides product segment
(eco-friendly flame retardant fillers, e.g. for the cable & wire industry).
Strong drivers e.g. in the construction industry and other markets,
particularly in international regions, are generating strong demand in the
cable & wire industry. Revenues in the business division "Technical
Ceramics" amounted to EUR 12.5 million in the second quarter, compared to
EUR 12.2 million in the same period of last year. In general, the revenue
growth in this business division came at the expense of profit margin to
some extent, as the growth in sales of standard oxides was higher than for
higher-margin specialty oxides.
Cash flow from operating activities decreased from EUR 20.7 million in the
same period of last year to EUR 16.8 million in the first half of 2016.
This decrease was attributable to a smaller decrease in inventories as well
as to an increase in income tax payments relative to the same period of
last year. Cash flow from financing activities amounted to EUR -7.1
million, compared to EUR 13.9 million in the same period of last year.
Following a comprehensive restructuring of key items on the debt side in
the year 2015, amortization payments were in line with estimates in the
first half of 2016.
According to Gerhard Witzany, Member of the Board of Nabaltec AG, "Our
market drivers are fully intact and our strategic positioning has proven to
be robust, particularly in times of uncertainty as a result of the
situation with regard to our subsidiary Nashtec in the US. Although Nashtec
will temporarily halt production commencing from September, as announced,
we are working to ensure that it will be able to resume operations in the
future based on a stand-alone solution. In the meantime, our customers will
be supplied by Nabaltec from Schwandorf using the recently added capacity,
so that we will be able to prevent any interruptions in supply in that
regard."
Nabaltec AG will continue to refrain from issuing a quantitative revenue
and earnings forecast for 2016 due to the fact that Chapter 11 bankruptcy
proceedings are currently pending for the key supplier in the US. At
present, the company is not expecting significant revenue losses. However,
the temporary production stoppage at Nashtec may give rise to factors which
will weigh down earnings. The precise amount of these potential losses
cannot be stated at this time.
Note: Nabaltec AG's interim report for the second quarter of 2016 will be
available for download as of 30 August 2016 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 ("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:
Marina Fuchs
Nabaltec AG
Phone: +49 9431 53-205
Fax: +49 9431 53-203
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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30.08.2016 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: [email protected]
Internet: www.nabaltec.de
ISIN: DE000A0KPPR7, DE000A1EWL99
WKN: A0KPPR, A1EWL9
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart, Tradegate Exchange; Open Market (Entry
Standard) in Frankfurt
End of News DGAP News Service
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