DGAP-News: Nabaltec AG has a record year in 2011 and is publishing preliminary figures for first quarter 2012:
(firmenpresse) - DGAP-News: Nabaltec AG / Key word(s): Final Results/Quarter Results
Nabaltec AG has a record year in 2011 and is publishing preliminary
figures for first quarter 2012:
30.04.2012 / 10:00
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Nabaltec AG has a record year in 2011 and is publishing preliminary figures
for first quarter 2012:
- revenues in the first quarter of 2012 EUR 34.1 million according to
preliminary figures, near the record high from 2011;
- total revenues for 2011 up 14.5%, to EUR 129.0 million, and EBIT up
92.3%, to EUR 12.5 million;
- consolidated result after taxes doubles in 2011, to EUR 3.6 million;
- outlook for 2012: stable EBIT margin expected.
Schwandorf, 30 April 2012 - Nabaltec AG published its 2011 consolidated
financial statements today, confirming the preliminary figures for 2011.
Revenues were up 14.5% in Financial Year 2011, to EUR 129.0 million, and
the operating result (EBIT) was up 92.3%, to EUR 12.5 million, despite the
fact that economic and market conditions worsened somewhat over the course
of 2011. Earnings before taxes (EBT) improved from EUR 1.4 million, to EUR
6.2 million. In addition, earnings per share doubled, to EUR 0.45, and the
consolidated result after taxes (after adjusting for non-controlling
interests) also doubled, to EUR 3.6 million. Shareholders' equity was up
11.4%, to EUR 46.9 million.
Nabaltec Group's operating cash flow in 2011 was down slightly from the
year before, to EUR 13.6 million (2010: EUR 15.4 million), as the higher
inflow of funds due to the improvement in earnings was offset by a
deliberate and temporary reduction in inventories, as well as a decrease in
trade payables. Expenditures for investments increased from EUR 7.5 million
to EUR 15.5 million, as planned. Net cash flow from financing activity was
EUR -0.9 million in 2011, down from EUR 10.5 million the year before. By
restructuring its long-term debt, Nabaltec was able to achieve a
considerable improvement in its interest rate structure. Cash and cash
equivalents decreased slightly, from EUR 19.0 million to EUR 16.3 million.
According to preliminary figures, Nabaltec's successes last year carried
over into the first quarter of 2012, with revenues of EUR 34.1 million,
nearly as high as Nabaltec's record-high revenues in the first quarter of
last year, EUR 35.3 million. In particular, the company's revenues in the
first quarter represented a significant improvement over the somewhat
weaker results in the third and fourth quarters of 2011. Of total revenues
for the first quarter, EUR 23.2 million were in the business division
'Functional Fillers' and EUR 10.9 million in the business division
'Technical Ceramics'. Earnings before interest and taxes (EBIT) were down
28.2% from the first quarter of last year, to EUR 2.8 million, but were
nearly twice as high as last quarter. The EBIT margin in the reporting
quarter (EBIT as a percentage of total performance) was 8.5%. Current
incoming orders, which were well above revenues for the first quarter of
2012, indicate that strong growth can be expected. According to Gerhard
Witzany, member of the Nabaltec AG Management Board: 'The results for the
first quarter of 2012 demonstrate that we are well-positioned for 2012. In
the current year we will continue on a high level, although we do not
expect the same rate of growth as the year before.'
Nabaltec expects its revenues to continue to grow in 2012, although the
rate of growth should be less than in 2011. If economic conditions remain
stable, revenue growth of more than 5% should be possible. As for the
operating result (EBIT), a margin similar to last year's is expected in
2012.
Note: The 2011 Annual Report and 2011 Annual Financial Statements for
Nabaltec AG are available for download as of today from the Investor
Relations section of www.nabaltec.de.
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(at)nabaltec.de
Frank Ostermair
Better Orange IR&HV AG
Phone: +49 89 8896906-14
Fax: +49 89 8896906-66
E-mail: frank.ostermair(at)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 (at)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
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167356 30.04.2012
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Datum: 30.04.2012 - 10:00 Uhr
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