DGAP-News: Nabaltec AG: outstanding 2010 lays groundwork for further growth
(firmenpresse) - DGAP-News: Nabaltec AG / Key word(s): Final Results
Nabaltec AG: outstanding 2010 lays groundwork for further growth
19.04.2011 / 10:00
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Nabaltec AG: outstanding 2010 lays groundwork for further growth;
- publication of 2010 Annual Report;
- record revenues: EUR 112.7 million (up 54.2%);
- consolidated result after taxes turns positive, improving from EUR -5.0
million to EUR 1.8 million;
- 2011 outlook: above average improvement expected in EBIT.
Schwandorf, 19 April 2011 - Nabaltec AG, a supplier of eco-friendly fillers
and additives, as well as raw materials for technical ceramics for a large
number of applications in a variety of industries, published its 2010
consolidated financial statements today and the provisional figures for
2010 were confirmed: revenues grew by 54.2%, from EUR 73.1 million to EUR
112.7 million, a new record. Nabaltec's earnings before interest, taxes,
depreciation and amortization (EBITDA) increased from EUR 3.7 million to
EUR 14.3 million, and its EBIT reached EUR 6.5 million, coming after a loss
of EUR 2.7 million the year before. Earnings before taxes improved from EUR
-7.0 million to EUR 1.4 million and the consolidated result (after taxes
and non-controlling interests) turned positive, improving from EUR -5.0
million to EUR 1.8 million.
Nabaltec Group's liquidity and cash flow trend in 2010 was very strong, for
which three factors were primarily responsible: Nabaltec's cash flow from
operating activities increased from EUR 4.6 million to EUR 15.4 million,
while cash flow from investing activities changed from EUR -20.3 million to
EUR -7.5 million, as planned. Meanwhile, Nabaltec was able to successfully
place a EUR 30.0 million corporate bond issue in October 2010. Cash and
cash equivalents increased from EUR 0.5 million to EUR 19.0 million and
free cash flow for 2010 was EUR 7.9 million.
As a whole, Nabaltec expects revenue growth in the low double digits in the
year 2011 due to the fact that demand for eco-friendly fillers continues to
grow unabated, together with other factors boosting demand in technical
ceramics and the refractory industry. Operating profit (EBIT) is expected
to grow faster than revenues in 2011.
Note: The 2010 Annual Report and the 2010 Annual Financial Statements for
Nabaltec AG are available for download from the 'Investor Relations'
section of www.nabaltec.de starting today.
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
Deutschland
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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120414 19.04.2011
Datum: 19.04.2011 - 10:00 Uhr
Sprache: Deutsch
News-ID 33825
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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