AI assistant
Nabaltec AG — Earnings Release 2007
Nov 27, 2007
5430_rns_2007-11-27_488dd424-61c1-4c53-a17d-61423c33e1f0.html
Earnings Release
Open in viewerOpens in your device viewer
News Details
Corporate | 27 November 2007 10:00
Nabaltec AG presents final 2007 nine-month figures
Nabaltec AG / Quarter Results
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
Schwandorf, 27 November 2007 – Nabaltec AG, a leading supplier of
mineral-based flame retardants and raw materials for technical ceramics,
confirmed the preliminary figures for the first nine months of 2007 in its
most recent quarterly report. Despite restricted supply from the US joint
venture Nashtec in the third quarter, consolidated revenue rose by 20.6% to
EUR 64.5 million (30 September 2006: EUR 53.5 million). Earnings during the
reporting period developed as expected. Due to the weak dollar and
extensive substitute deliveries to Nashtec customers, earnings before
interest, taxes, depreciation and amortization (EBITDA) reached EUR 5.4
million, compared to EUR 5.6 million in the first nine months of 2006.
Earnings before interest and taxes (EBIT) were EUR 2.3 million as of 30
September 2007 (30 September 2006: EUR 3.8 million). After minority
interests, Nabaltec recorded consolidated earnings of EUR 0.5 million in
the first nine months of 2007, compared to EUR 1.1 million in the same
period of the previous year.
As reported on 5 November, the management board projects consolidated
revenue of around EUR 90 million for the full year 2007 and consolidated
earnings should be well above the 2006 total. Nabaltec considers itself to
be well-positioned for 2008 due to the recent successful product launches
and production expansions, including the new sub-micron products ACTILOX®
AOH 400 SM, APYRAL® 200 SM and APYMAG® AOH and the patented co-stabilizer
for the PVC industry, ACTILOX® CAHC. Meanwhile, demand for halogen-free
flame retardant fillers remains high. In view of these circumstances,
Nabaltec expects another jump in revenue due to the addition of 13,000 tons
of capacity for APYRAL® CD qualities in Schwandorf in the first quarter of
2008.
The full quarterly report is available for download at www.nabaltec.de
under 'Investor Relations.'
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 flame-retardant fillers for
the plastics industry, used e.g. in cables, tunnels, airports, high-rise
buildings and electronic devices, as well as 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. It aims to further consolidate its
market position by increasing capacity, continuing to optimize its
processes and product quality and strategic additions to its product range
and to secure the market leadership in each segment where its specialty
products are represented, in addition to qualitative leadership.
Contact:
Heidi Wiendl
Nabaltec AG
Phone: +49 9431 53-202
Fax: +49 9431 53-260
E-mail: [email protected]
Linh Chung
Haubrok Investor Relations GmbH
Phone: +49 211 30126-101
Fax: +49 211 30126-5101
E-mail: [email protected]
27.11.2007 Financial News transmitted by DGAP
Language: English
Issuer: Nabaltec AG
Alustraße 50-52
94241 Schwandorf
Deutschland
Phone: +49 9431 53-0
Fax: +49 9431 53-260
E-mail: [email protected]
Internet: www.nabaltec.de
ISIN: DE000A0KPPR7
WKN: A0KPPR
Listed: Freiverkehr in Berlin, Düsseldorf, München, Stuttgart; Entry
Standard in Frankfurt
End of News DGAP News-Service