DGAP-News: Nabaltec AG: Nabaltec's success last year carries over into the first quarter of 2012
(firmenpresse) - DGAP-News: Nabaltec AG / Key word(s): Quarter Results
Nabaltec AG: Nabaltec's success last year carries over into the first
quarter of 2012
29.05.2012 / 10:00
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Nabaltec's success last year carries over into the first quarter of 2012
- revenues of EUR 34.1 million, nearly as high as the record high set in
the first quarter of last year;
- EBIT up 86.7% over the previous quarter in the first quarter of 2012,
to EUR 2.8 million.
Schwandorf, 29 May 2012 - Nabaltec AG published its interim report for the
first quarter of 2012 today, in which the preliminary first-quarter results
were confirmed. The company's success last year carried over into the first
quarter of 2012, as revenues finished at EUR 34.1 million, nearly as high
as the record high of EUR 35.3 million set in the first quarter of last
year.
According to Gerhard Witzany, Member of the Board of Nabaltec AG: 'The
decisive point was that the slowdown in the pace of growth during the
second half of 2011 was reversed, as the caution which prevailed in the
third and fourth quarters of 2011 with respect to the continued development
of demand in 2012 was refuted by stable and broad-based growth.' Prices in
Nabaltec's markets were largely stable, as the change relative to the
previous quarter and the same quarter of last year was attributable above
all to volume effects.
EBIT amounted to EUR 2.8 million in the reporting quarter, down from EUR
3.9 million in the same period of last year, but up 86.7% from the previous
quarter. The EBIT margin (EBIT as a percentage of total performance) was
8.5%, down from 11.0% in the same quarter of last year. Earnings before
interest, taxes, depreciation and amortization (EBITDA) fell to EUR 4.9
million in the first quarter of 2012 from EUR 5.9 million in the same
quarter of last year.
Nabaltec's net cash flow from operating activities was EUR 6.3 million in
the first quarter of 2012, down from EUR 8.6 million in the same period of
last year. This item was affected by the slight decrease in earnings, as
well as changes in working capital as of the cutoff date. The net cash
outflow for investments was EUR 3.9 million, significantly higher than last
year's level of EUR 1.7 million. The cash outflow from financing activities
decreased from EUR 3.4 million to EUR 2.5 million.
The forecast in the 2011 Annual Report for the remainder of the current
Financial Year has been confirmed by Nabaltec.
Note: Nabaltec AG's interim report for the first quarter of 2012 is
available for download as of 29 May 2012 in 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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29.05.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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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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