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Nabaltec AG — Earnings Release 2013
Nov 26, 2013
5430_rns_2013-11-26_34ab025b-851e-4353-b8a7-f265a9c4aa36.html
Earnings Release
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Corporate | 26 November 2013 10:00
Nabaltec AG still on track for strong revenues and EBIT after the first nine months of 2013
Nabaltec AG / Key word(s): Quarter Results
26.11.2013 / 10:00
Nabaltec AG still on track for strong revenues and EBIT after the first nine months of 2013
– revenues and earnings in the third quarter up significantly from the year before;
– growth should continue in the second half of 2013;
– forecast for the year as a whole confirmed.
Schwandorf, 26 November 2013 – Nabaltec AG’s revenues in the first nine months of 2013 were EUR 102.6 million, up 2.2% from last year’s value of EUR 100.4 million. In general, the company’s revenues and earnings in the third quarter of 2013 were on par with the first two quarters, and well above the comparison values from the year before.
Consolidated revenues in the third quarter of 2013 were up 5.3%, from EUR 32.1 million in the third quarter of last year to EUR 33.8 million. While this number was down slightly, by EUR 0.2 million, from the EUR 34.0 million in revenues posted in the second quarter, this was largely attributable to the slight decrease in prices in the reporting quarter.
Johannes Heckmann, Member of the Board of Nabaltec AG: ‘We can be very satisfied with the quarterly results. Although revenues in the reporting quarter were down slightly from the first two quarters of 2013, a reversal in the growth trend for the second half of the year, as was the case in the last two years, cannot be made out. We expect the generally stable growth to continue in the fourth quarter as well.’
Revenues in the business division ‘Functional Fillers’ were up by 1.3% over the third quarter of 2012, climbing from EUR 22.7 million to EUR 23.0 million, and by 0.9% over last quarter. The price trend had a marginally negative impact on profit margin in the business division ‘Functional Fillers’. Revenues in the business division ‘Technical Ceramics’ were up by 14.9% over the third quarter of 2012, from EUR 9.4 million to EUR 10.8 million in the reporting period. Revenues were down slightly from the second quarter of 2013, by 3.6%. Sales volume in all product segments of the business division ‘Technical Ceramics’ was up from the same quarter of last year.
On the Group level, operating profit (EBIT) was EUR 9.1 million, up from EUR 8.9 million in the same period of last year. The EBIT margin (EBIT as a percentage of total performance) was 8.9% in the first nine months of 2013, about the same as in the same period of last year, when the margin was 9.0%.
The company has confirmed its forecast for the current year, calling for revenue growth in the mid-single digits and an EBIT margin in line with last year’s margin.
Gerhard Witzany, Member of the Board of Nabaltec AG: ‘With the loan against borrower’s note which was issued in October, we have been able to secure long-term financing at improved terms. As a result, we are in a position to quickly and fully exploit opportunities in our dynamic market environment.’
Note: Nabaltec AG’s interim report for the 3rd Quarter of 2013 will be available for download in the Investor Relations section of www.nabaltec.de as of 26 November 2013.
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 9431 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
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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: | info @nabaltec.de |
| Internet: | www.nabaltec.de |
| ISIN: | DE000A0KPPR7, DE000A1EWL99 |
| WKN: | A0KPPR, A1EWL9 |
| Listed: | Freiverkehr in Berlin, Düsseldorf, München, Stuttgart; Frankfurt in Open Market (Entry Standard) |
| End of News | DGAP News-Service |
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| 241503 26.11.2013 |