DGAP-News: Nabaltec AG still on track for strong revenues and EBIT after the first nine months of 2013
(firmenpresse) - DGAP-News: Nabaltec AG / Key word(s): Quarter Results
Nabaltec AG still on track for strong revenues and EBIT after the
first nine months of 2013
26.11.2013 / 10:00
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Nabaltec AG still on track for strong revenues and EBIT after the first
nine months of 2013
- revenues and earnings in the third quarter up significantly from the
year before;
- growth should continue in the second half of 2013;
- forecast for the year as a whole confirmed.
Schwandorf, 26 November 2013 - Nabaltec AG's revenues in the first nine
months of 2013 were EUR 102.6 million, up 2.2% from last year's value of
EUR 100.4 million. In general, the company's revenues and earnings in the
third quarter of 2013 were on par with the first two quarters, and well
above the comparison values from the year before.
Consolidated revenues in the third quarter of 2013 were up 5.3%, from EUR
32.1 million in the third quarter of last year to EUR 33.8 million. While
this number was down slightly, by EUR 0.2 million, from the EUR 34.0
million in revenues posted in the second quarter, this was largely
attributable to the slight decrease in prices in the reporting quarter.
Johannes Heckmann, Member of the Board of Nabaltec AG: 'We can be very
satisfied with the quarterly results. Although revenues in the reporting
quarter were down slightly from the first two quarters of 2013, a reversal
in the growth trend for the second half of the year, as was the case in the
last two years, cannot be made out. We expect the generally stable growth
to continue in the fourth quarter as well.'
Revenues in the business division 'Functional Fillers' were up by 1.3% over
the third quarter of 2012, climbing from EUR 22.7 million to EUR 23.0
million, and by 0.9% over last quarter. The price trend had a marginally
negative impact on profit margin in the business division 'Functional
Fillers'. Revenues in the business division 'Technical Ceramics' were up by
14.9% over the third quarter of 2012, from EUR 9.4 million to EUR 10.8
million in the reporting period. Revenues were down slightly from the
second quarter of 2013, by 3.6%. Sales volume in all product segments of
the business division 'Technical Ceramics' was up from the same quarter of
last year.
On the Group level, operating profit (EBIT) was EUR 9.1 million, up from
EUR 8.9 million in the same period of last year. The EBIT margin (EBIT as a
percentage of total performance) was 8.9% in the first nine months of 2013,
about the same as in the same period of last year, when the margin was
9.0%.
The company has confirmed its forecast for the current year, calling for
revenue growth in the mid-single digits and an EBIT margin in line with
last year's margin.
Gerhard Witzany, Member of the Board of Nabaltec AG: 'With the loan against
borrower's note which was issued in October, we have been able to secure
long-term financing at improved terms. As a result, we are in a position to
quickly and fully exploit opportunities in our dynamic market environment.'
Note: Nabaltec AG's interim report for the 3rd Quarter of 2013 will be
available for download in the Investor Relations section of www.nabaltec.de
as of 26 November 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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26.11.2013 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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241503 26.11.2013
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