DGAP-News: Nabaltec AG nearly reaches last year's level with revenues in the first nine months of EUR 100.4 million, according to preliminary figures
(firmenpresse) - DGAP-News: Nabaltec AG / Key word(s): Quarter Results
Nabaltec AG nearly reaches last year's level with revenues in the
first nine months of EUR 100.4 million, according to preliminary
figures
19.11.2012 / 10:00
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Nabaltec AG nearly reaches last year's level with revenues in the first
nine months of EUR 100.4 million, according to preliminary figures
- Revenues up 4.9% in third quarter of 2012
- Outlook for 2012 as a whole tempered by economic slowdown in sales
markets
Schwandorf, 19 November 2012 - According to preliminary figures, Nabaltec
AG earned revenues of EUR 100.4 million in the first nine months of 2012,
thus largely reaching last year's level (EUR 100.7 million). Earnings
before interest and taxes (EBIT) decreased from EUR 11.0 million to EUR 8.9
million. Nabaltec will publish the final figures for the first nine months
of 2012 and the third quarter on 27 November 2012.
In the period from July to September, Nabaltec AG was able to earn revenues
of EUR 32.1 million, up 4.9% over the same quarter of last year (EUR 30.6
million). Revenues in the reporting period slightly flattened out compared
to those from the first half of 2012. EBIT decreased from EUR 2.6 million
in the third quarter of 2011 to EUR 2.1 million in the reporting period.
The business division 'Functional Fillers' managed in the third quarter to
outperform the figures from the previous year, registering a gain of 18.8%
overall with revenues of EUR 22.7 million. In the business division
'Technical Ceramics', quarterly revenues of EUR 9.4 million were down 18.3%
from those in the same period of last year (EUR 11.5 million). The company
sees the main reason for the decrease in the current restraint in key
indirect target industries, such as the European steel industry, based on
the economic slowdown.
Gerhard Witzany, Member of the Board of Nabaltec AG: 'We are currently
feeling the economic slowdown in nearly all our sales markets. This
naturally tempers our previous expectations and estimates for the further
course of the current financial year.'
Under the given circumstances, Nabaltec is reckoning with consolidated
revenues for 2012 as a whole slightly above last year's level. Nabaltec
predicts that earnings development in the fourth quarter of 2012 will
continue to flatten out, so that an EBIT margin ranging between 7% and last
year's figure is expected for the year as a whole.
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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19.11.2012 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;
Open Market (Entry Standard) in Frankfurt
End of News DGAP News-Service
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193762 19.11.2012
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Datum: 19.11.2012 - 10:00 Uhr
Sprache: Deutsch
News-ID 204806
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