DGAP-News: Nabaltec AG reports revenues in the first quarter of 2013 over last quarter and the same quarter of last year
(firmenpresse) - DGAP-News: Nabaltec AG / Key word(s): Quarter Results
Nabaltec AG reports revenues in the first quarter of 2013 over last
quarter and the same quarter of last year
28.05.2013 / 10:00
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Nabaltec AG reports revenues in the first quarter of 2013 over last quarter
and the same quarter of last year
- Revenues climb to EUR 34.8 million;
- EBIT nearly doubles from last quarter, to EUR 2.3 million.
Schwandorf, 28 May 2013 - Today, Nabaltec AG published its interim report
for the first quarter of 2013 and confirmed its preliminary data. The
company reported EUR 34.8 million in revenues in the first quarter of 2013,
up from both last quarter (fourth quarter of 2012: EUR 28.8 million) and
the same quarter of last year (first quarter of 2012: EUR 34.1 million).
According to Gerhard Witzany, member of the Board of Nabaltec AG: 'The
course of business in the first quarter of 2013 was within the bounds of
our expectations. After a weak second half of 2012, orders from our
customers started to pick up in January and our revenues in the reporting
quarter were as strong as they have been in the past.' With prices in
Nabaltec's markets remaining stable or falling slightly, the improvement
over last quarter and the same quarter of last year resulted above all from
volume effects.
The company's two business divisions, 'Functional Fillers' and 'Technical
Ceramics,' contributed equally to this revenue growth. Revenues in the
business division 'Functional Fillers' were up 2.2% from the same quarter
of last year, to EUR 23.7 million. Revenues in the business division
'Technical Ceramics' were up 1.8%, to EUR 11.1 million.
The operating result (EBIT) amounted to EUR 2.3 million in the reporting
quarter, down from EUR 2.8 million in the same period of last year. EBIT
nearly doubled from last quarter. The EBIT margin (EBIT as a percentage of
total performance) was 7.1%, down from 8.5% in the same quarter of last
year. Earnings before interest, taxes, depreciation and amortization
(EBITDA) amounted to EUR 4.6 million in the reporting period, down slightly
from the value for the same quarter of last year, EUR 4.9 million.
Cash flow from operating activities improved from EUR 6.3 million in the
same period of last year to EUR 7.0 million in the first quarter of 2013.
Spending on investments fell from EUR 3.9 million in the same quarter of
last year to EUR 1.4 million. Cash flow from financing activities amounted
to EUR -2.9 million, compared to EUR -2.5 million in the same period of
last year.
Nabaltec confirmed the forecast made in its 2012 Annual Report for the
remainder of the current Financial Year.
Note: Nabaltec AG's interim report for the first quarter of 2013 will be
available for download in the Investor Relations section of www.nabaltec.de
as of 28 May 2013.
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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28.05.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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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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213379 28.05.2013
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