DGAP-News: Nabaltec AG confirms preliminary data for Financial Year 2012 and provides an outlook for the development of business in the first quarter of 2013
(firmenpresse) - DGAP-News: Nabaltec AG / Key word(s): Final Results/Quarter Results
Nabaltec AG confirms preliminary data for Financial Year 2012 and
provides an outlook for the development of business in the first
quarter of 2013
30.04.2013 / 10:01
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Nabaltec AG confirms preliminary data for Financial Year 2012 and provides
an outlook for the development of business in the first quarter of 2013
- Revenues in the first quarter of 2013 amount to EUR 34.8 million
according to preliminary data, up from last quarter and the first
quarter of last year;
- total 2012 revenues of EUR 129.2 million and EBIT of EUR 10.0 million
confirmed;
- 2013 outlook: moderate revenue growth and an EBIT margin in line with
last year.
Schwandorf, 30 April 2013 - Nabaltec AG published its 2012 consolidated
financial statements today, and confirmed its preliminary data for 2012.
Revenues increased to EUR 129.2 million, up slightly from last year's
record-high level (2011: EUR 129.0 million), although the pace of growth
began to slow in the third quarter, after a strong first half of the year,
as economic and market conditions became increasingly difficult. The
operating result (EBIT) came to EUR 10.0 million, down from EUR 12.3
million the year before, and earnings before taxes (EBT) fell to EUR 4.1
million (2011: EUR 6.0 million). Nabaltec's consolidated result after taxes
fell to EUR 2.1 million (2011: EUR 3.5 million) and earnings per share fell
from EUR 0.44 to EUR 0.26 (after non-controlling interests). The decline in
earnings was attributable above all to a temporary weakening in the market
and the reluctance of many customers to spend because of the general
economic situation.
Nabaltec's operating cash flow was up 58.1% from the year before, to EUR
21.5 million (2011: EUR 13.6 million). An increase in trade receivables was
mitigated by deliberate reductions in inventories and an increase in
liabilities from operating activity. Expenditures for investments fell to
EUR 10.6 million in the reporting period, down from EUR 15.5 million in the
previous year.
Nabaltec amortized EUR 8.4 million in long-term loan debt in 2012 and did
not take out any new loans. Accordingly, cash flow from financing activity
was EUR -12.9 million in 2012, compared to EUR -0.9 million the year
before. Nabaltec's cash and cash equivalents fell from EUR 16.3 million to
EUR 14.3 million as of 31 December 2012.
As in the year before, the first half was once again the driving force
behind the strong revenue growth in 2012. While revenues in the first two
quarters were not up from the year before due to the very strong base
effect, they remained high, with EUR 34.1 million in the first quarter of
2012 and EUR 34.2 million in the second quarter.
According to Gerhard Witzany, member of the Board of Nabaltec AG: 'In the
second half of 2012, we were once again able to demonstrate that we are
positioned in such a way as to maintain stability even in economically
difficult times. Although we have observed a slackening of demand since
mid-year, we exceeded our targets from the year before in both the third
and the fourth quarter.' Revenues amounted to EUR 32.1 million in the third
quarter and EUR 28.8 million in the fourth quarter.
According to preliminary data, Nabaltec's revenues in the first three
months of 2013 were EUR 34.8 million, higher than last quarter and the
first quarter of last year. The business division 'Functional Fillers' had
EUR 23.7 million in revenues and the business division 'Technical Ceramics'
had EUR 11.1 million. EBIT came to EUR 2.3 million in the reporting period,
with an EBIT margin (EBIT as a percentage of total performance) of 7.1%.
Cash flow from operating activity was up to EUR 7.0 million (Q1/2012: EUR
6,3 million). Johannes Heckmann, member of the Board of Nabaltec AG: 'As we
expected, the slowdown in demand at the end of the year was followed by a
noticeable recovery in the market in the first quarter. We hope that this
positive development in the first quarter will be sustained through the
course of the year.'
Assuming economic conditions do not worsen further, Nabaltec expects
revenue growth in the mid-single digits for the current year. The company
expects its 2013 EBIT margin to be in line with last year's level. Strict
cost management in all areas should help further stabilize and improve the
company's earning power.
Note: Nabaltec's 2012 Annual Report and 2012 Annual Financial Statements
for Nabaltec AG are available for download as of today 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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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;
Frankfurt in Open Market (Entry Standard)
End of News DGAP News-Service
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