DGAP-News: Nabaltec AG: Preliminary Figures for the First Nine Months of 2011
(firmenpresse) - DGAP-News: Nabaltec AG / Key word(s): Quarter Results
Nabaltec AG: Preliminary Figures for the First Nine Months of 2011
31.10.2011 / 10:00
---------------------------------------------------------------------
Nabaltec AG: Preliminary Figures for the First Nine Months of 2011
- revenues up 23.1%, to EUR 100.7 million;
- EBIT doubles, to EUR 11.0 million;
- outlook for the fourth quarter affected by increasing uncertainty in
target markets.
Schwandorf, 31 October 2011 - Nabaltec AG's revenues over the first nine
months of 2011 were up 23.1% according to preliminary figures, increasing
from EUR 81.8 million to EUR 100.7 million. Earnings before interest and
taxes (EBIT) more than doubled over the same period, climbing from EUR 5.2
million to EUR 11.0 million. Nabaltec's final data for the first nine
months of 2011 will be published on 29 November 2011.
As a whole, Nabaltec's business was stable in the third quarter of 2011,
although the rate of growth was not quite as high as before. Revenues
between July and September increased over the same period of last year by
7.7%, to EUR 30.6 million, and EBIT increased by 44.4%, to EUR 2.6 million.
Growth in the third quarter was therefore weaker than in the first two
quarters of the year, both of which were record-breaking quarters for
Nabaltec. 'We are seeing a consolidation at a slightly reduced level, which
will continue in the fourth quarter as well', said Johannes Heckmann, a
member of Nabaltec AG's Management Board.
Nabaltec AG was able to restructure a substantial portion of its existing
long-term bank debts in the third quarter of 2011. The current terms
represent a clear improvement over the previous loan agreements.
The unresolved Euro Zone debt crisis and the downward revision of GDP
growth forecasts for many world economies have created increasing
uncertainty in Nabaltec's markets all over the world. Inventories are
currently being reduced all along the value chain, the exact opposite of
the trend in May. Meanwhile, order sizes are getting smaller and customers
are now waiting to place orders until right before the materials are
needed. In this environment, Nabaltec expects revenues for 2011 as a whole
to fall into the range of EUR 128-131 million. As a result, the earnings
target for 2011 (based on EBIT) of EUR 12 million appears highly ambitious,
but still achievable.
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
---------------------------------------------------------------------
31.10.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
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;
Entry Standard in Frankfurt
End of News DGAP News-Service
---------------------------------------------------------------------
144093 31.10.2011
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 31.10.2011 - 10:00 Uhr
Sprache: Deutsch
News-ID 81692
Anzahl Zeichen: 8350
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 273 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Nabaltec AG: Preliminary Figures for the First Nine Months of 2011"
steht unter der journalistisch-redaktionellen Verantwortung von
Nabaltec AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
