Nabaltec AG - Earnings Release 2023

News Details

Ad-hoc | 4 August 2023 11:35

Nabaltec lowers forecast for Financial Year 2023

Nabaltec AG / Key word(s): Change in Forecast

Nabaltec lowers forecast for Financial Year 2023

04-Aug-2023 / 11:35 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

Nabaltec lowers forecast for Financial Year 2023

Schwandorf, 4 August 2023 – According to preliminary figures, Nabaltec AG’s revenues in the second quarter of 2023 declined significantly by 12.2% to EUR 49.1 million compared to the same quarter of the previous year. The EBIT margin decreased from 14.8% to 6.7% in the same period.

A generally very weak demand as well as continued destocking by customers was evident across both product segments. Contrary to previous expectations, the company does not see a recovery in the third quarter of 2023 either.

Against this backdrop, Nabaltec AG is adjusting its forecast for the full year 2023 and now expects a year-on-year revenue decline in a range of 4% to 6%. Previously, revenue growth was forecast in the range of 3% to 5%. On the earnings side, the company expects an EBIT margin in a range of 6% to 8% for 2023 (previously: 8% to 10%).

Contact:


Johannes Heckmann
Nabaltec AG
Phone: +49 9431 53-202
Fax: +49 9431 53-260
E-mail: [email protected]

End of Inside Information

Information and Explanation of the Issuer to this announcement:

Information and explanations by the issuer of this notice:

Note: As planned, Nabaltec AG’s half-yearly Financial Statements of 2023 will be available for download as of 24 August 2023 at https://nabaltec.de/en/investor-relations/financial-reports .

Contact Investor Relations:


Marina Fuchs	Frank Ostermair/Vera Müller
Nabaltec AG	Better Orange IR & HV AG
Phone: +49 9431 53-205	Phone: +49 89 8896906-14
Fax: +49 9431 53-260	Fax: +49 89 8896906-66
E-mail: [email protected]	E-mail: [email protected]

04-Aug-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.eqs-news.com


Language:	English
Company:	Nabaltec AG
	Alustraße 50-52
	92421 Schwandorf
	Germany
Phone:	+49 9431 53-0
Fax:	+49 9431 53-260
E-mail:	[email protected]
Internet:	www.nabaltec.de
ISIN:	DE000A0KPPR7, DE000A1EWL99
WKN:	A0KPPR, A1EWL9
Indices:	Scale 30
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1696529