Nabaltec AG

  • WKN: A0KPPR
  • ISIN: DE000A0KPPR7
  • Land: Deutschland

Nachricht vom 23.05.2019 | 10:00

Nabaltec AG continues its growth spurt with a strong first quarter

DGAP-News: Nabaltec AG / Key word(s): Quarter Results

23.05.2019 / 10:00
The issuer is solely responsible for the content of this announcement.


Nabaltec AG continues its growth spurt with a strong first quarter

  • Revenues up 7.3% in the first quarter of 2019: EUR 48.5 million (Q1/2018: EUR 45.2 million)
  • EBIT of EUR 5.8 million in the first three months of 2019 (Q1/2018: EUR 4.3 million)
  • EBIT margin of 12.1% (EBIT as a percentage of total performance)

Schwandorf, 23 May 2019 - Nabaltec AG published its quarterly report for the first quarter of 2019 today, in which it confirmed its published provisional data. The company posted EUR 48.5 million in revenues in the first quarter of 2019, up 7.3% from the same period of last year, for another record high. Earnings before interest and taxes (EBIT) came to EUR 5.8 million in the reporting period (up 34.9%), for an EBIT margin of 12.1% (EBIT as a percentage of total performance). EBITDA amounted to EUR 9.0 million in the first three months of the year, compared to EUR 7.3 million in the same quarter of the previous year (up 23.3%).

"With clear growth in revenues and earnings, we are once again off to a highly successful start this year," said Johannes Heckmann, CEO of Nabaltec AG. "We look forward to the remainder of the year with optimism, as demand in our traditional markets and applications has remained stable, on the whole. We believe that we are ideally positioned to profit from future developments in the e-mobility market."

Revenues in the "Functional Fillers" product segment came to EUR 32.5 million, compared to EUR 29.3 million in the same period of last year (up 10.9%). Revenues in the "Specialty Alumina" product segment were EUR 15.9 million, on par with last year.

"With quarterly revenues of EUR 48.5 million, we are well within the target corridor of our forecast, which called for revenues of EUR 190 million to EUR 195 million for 2019 as a whole. We are confident that our growth will accelerate somewhat in the second quarter," reported Günther Spitzer, CFO of Nabaltec AG. Nabaltec AG reaffirmed its forecast for 2019 as a whole and expects an EBIT margin between 10.0% and 12.0%, assuming the economy remains stable.

Note: Nabaltec AG's quarterly report for the first quarter of 2019 will be available for download as of 23 May 2019 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 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: InvestorRelations@nabaltec.de E-mail: nabaltec@better-orange.de


23.05.2019 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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