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Nabaltec AG — Earnings Release 2011
Jun 9, 2011
5430_rns_2011-06-09_4afb651b-4dbf-42e7-9c7d-ff1d26f722c1.html
Earnings Release
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Corporate | 9 June 2011 12:42
Nabaltec AG: 2011 forecast raised and elaborated upon
Nabaltec AG / Key word(s): AGM/EGM
09.06.2011 / 12:42
Nabaltec AG: 2011 forecast raised and elaborated upon;
- revenues expected to climb to over EUR 135 million in 2011;
- EBIT of more than EUR 12 million expected in 2011.
Schwandorf/Amberg, 9 June 2011 - At today's shareholders meeting in Amberg,
Nabaltec AG elaborated upon and raised its forecasts for 2011. Revenues are
now expected to climb to over EUR 135 million, which would represent growth
of at least 20% over 2010's total of EUR 112.7 million. Until now, Nabaltec
had been forecasting revenue growth in the low double digits.
Nabaltec expects its operating result (EBIT) to grow at a much faster pace,
to more than EUR 12 million. For reference, EBIT improved to EUR 6.5
million in 2010 from EUR -2.7 million the year before. Accordingly, the
EBIT margin is expected to climb to more than 9% in 2011. According to
Gerhard Witzany, member of the Nabaltec AG Management Board: 'This is the
target which we intend to be measured against in 2011. At the same time, it
represents a big and important step towards our goal of a sustained
double-digit EBIT margin. With earnings growth this strong, we should be
able to lay the groundwork for restoring dividends in the medium term.
Perhaps this is a step which we will be able to discuss at the shareholders
meeting twelve months from now.'
All of the agenda items which were put up for a vote at the shareholders
meeting were adopted with large majorities. This included resolutions
approving the actions of the Management Board and Supervisory Board,
revising and adjusting according to amount of authorized and conditional
capital stock to EUR 4.0 million each, revising the authorization to issue
warrants and/or convertible bonds and a five-year authorization to execute
a share buyback program.
Note: The voting results for Nabaltec AG's 2011 general meeting will be
available for download from the Investor Relations section of
www.nabaltec.de as of 10 June 2011.
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 consolidate 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
Nabaltec AG
Phone: +49 9431 53-202
Fax: +49 09431 53-260
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]
End of Corporate News
09.06.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Nabaltec AG
Alustraße 50-52
92421 Schwandorf
Deutschland
Phone: +49 9431 53-0
Fax: +49 9431 53-260
E-mail: info @nabaltec.de
Internet: www.nabaltec.de
ISIN: DE000A0KPPR7, DE000A1EWL99
WKN: A0KPPR, A1EWL9
Listed: Freiverkehr in Berlin, Düsseldorf, München, Stuttgart;
Entry Standard in Frankfurt
End of News DGAP News-Service
128068 09.06.2011