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Nabaltec AG — Earnings Release 2008
May 27, 2008
5430_rns_2008-05-27_a0cc0512-7ef7-4bb0-b922-1ded98502e36.html
Earnings Release
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Corporate | 27 May 2008 10:00
Nabaltec improves consolidated revenue by 24.5% to EUR 25.4 million
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.
Q1/2008 Business Figures
- Nabaltec improves consolidated revenue by 24.5% to EUR 25.4 million
- EBITDA and EBIT increase sharply over previous year
Schwandorf, 27 May 2008 – Nabaltec AG, a leading supplier of mineral-based
flame retardants and raw materials for technical ceramics, published its
business figures for the first quarter of 2008, which were prepared based
on IFRS for the first time. Consolidated revenue managed to be improved by
24.5% to EUR 25.4 million (Q1/2007: EUR 20.4 million). Growth in both
business divisions was achieved: 'Functional Fillers' earned EUR 17.2
million in the reporting period after EUR 13.2 million in the previous
year’s period, representing a 30.3% increase; while 'Technical Ceramics'
registered a gain of 13.9% to EUR 8.2 million (Q1/2007: EUR 7.2 million).
Nabaltec's earnings likewise developed highly positively in the first
quarter of 2008. Earnings before interest, taxes, depreciation and
amortization (EBITDA) increased from EUR 2.4 million to EUR 2.9 million.
Less depreciation, EBIT reached EUR 1.7 million, thus exceeding the
previous year's value of EUR 1.2 million. Finally, earnings after minority
interests for the period reached EUR 0.8 million after EUR 1.0 million in
the first quarter of 2007.
Gerhard Witzany, Member of the Management Board of Nabaltec AG: 'The
positive course of business in the first three months of 2008 shows that
our company grows consistently. This performance should continue through
the further course of the year.' For the year as a whole, the company
anticipates consolidated revenue of approx. EUR 110 million and a sharp
improvement in consolidated earnings. Investments in Schwandorf of over EUR
35 million are also planned for 2008. Nabaltec intends to invest a total of
over EUR 60 million in further company growth by 2010. A financing
agreement has already been successfully concluded to meet the capital
requirement not covered by equity.
You may find the complete quarterly report 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 in 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]
27.05.2008 Financial News transmitted by DGAP
Language: English
Issuer: Nabaltec AG
Alustraße 50-52
92421 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
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