Nabaltec AG — Earnings Release 2013

Aug 27, 2013

News Details

Corporate | 27 August 2013 10:00

Nabaltec AG duplicates last year’s strong revenues in the first half of 2013

Nabaltec AG / Key word(s): Half Year Results

27.08.2013 / 10:00

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Nabaltec AG duplicates last year’s strong revenues in the first half of 2013

– Revenues up slightly, by 0.7%, to EUR 68.8 million

– Cost-cutting program shows continued success

– Forecast for 2013 confirmed

Schwandorf, 27 August 2013 – Nabaltec AG’s strong operational performance continued in the second quarter of 2013, allowing the company to equal last year’s levels in the first six months of 2013 for both revenues and earnings.

Consolidated revenues were EUR 34.0 million in the second quarter of 2013, nearly as high as last year’s figure of EUR 34.2 million (down 0.6%). Revenues were down by a modest EUR 0.8 million from the previous quarter (EUR 34.8 million) due to a slight decrease in prices in the reporting quarter. Revenues in the first six months of 2013 amounted to EUR 68.8 million, for a slight 0.7% gain over the first half of 2012 (EUR 68.3 million). Revenues were up sharply from the second half of 2012, by 13.0%.

Quarterly revenues in the business division ‘Functional Fillers’ fell from EUR 23.8 million to EUR 22.8 million, down 4.2% from the second quarter of 2012 and down 3.8% from the previous quarter. Boehmite and CAHC above all, both products with high added value, lagged behind expectations in the reporting period due to the current weakness in the electronics industry, while revenues for fine precipitated hydroxides remained stable at a high level. Revenues in the business division ‘Technical Ceramics’ climbed from EUR 10.3 million in the second quarter of 2012 to EUR 11.2 million in the reporting period (up 8.7%). Revenues in this business division were up 0.9% from the previous quarter. This revenue growth was driven above all by higher sales of reactive aluminum oxides.

Consolidated EBIT amounted to EUR 5.8 million in the reporting period, compared to EUR 6.7 million in the first half of 2012. EBIT in the second quarter was up by more than 50% from the previous quarter, climbing to EUR 3.6 million. According to Gerhard Witzany, Member of the Board of Nabaltec AG: ‘In recent months, we implemented a cost-cutting program which was designed to reduce spending in key areas. Our earnings data clearly shows that our course of action was correct, and that we have been able to lay a strong foundation for mid- and long-term growth.’

‘We remain confident for the rest of 2013 and expect stable revenue growth in the second half of the year, based on various early indicators,’ said Johannes Heckmann, Member of the Board of Nabaltec AG. Overall, the company has confirmed its previous forecast for the current year, which called for revenue growth in the mid-single digits and an EBIT margin in line with last year’s margin.

Note: Nabaltec AG’s interim report for the second Quarter of 2013 will be available for download in the Investor Relations section of www.nabaltec.de as of 27 August 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: InvestorRelations@nabaltec.de

Frank Ostermair

Better Orange IR & HV AG

Phone: +49 89 8896906-14

Fax: +49 89 8896906-66

E-mail: frank.ostermair@better-orange.de

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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