Nabaltec AG / Key word(s): Half Year Results/Preliminary Results
Nabaltec AG meets estimates in the second quarter of 2012, according to preliminary figures
- revenues of EUR 68.3 million in the first half, almost as high as the year before;
- updated outlook for remainder of year given increasingly volatile markets.
Schwandorf, 1 August 2012 - According to preliminary figures, Nabaltec AG had revenues of EUR 68.3 million in the first half of 2012, almost as high as last year's record-high EUR 70.1 million. Earnings before interest and taxes (EBIT) were EUR 6.7 million in the reporting period, down from EUR 8.4 million in the first half of 2011. Nabaltec will publish final data for the first half and the second quarter of 2012 on 21 August.
Revenues in the second quarter of 2012 amounted to EUR 34.2 million, staying at the high level which was reached in the second quarter of last year (EUR 34.8 million). EBIT was down from EUR 4.5 million last year to EUR 3.9 million, but was up by a strong EUR 1.1 million over the first quarter of 2012 (up 39.3%).
Revenues in the 'Functional Fillers' division were up slightly, by 1.7%, over the second quarter of 2011, climbing to EUR 23.8 million. Revenues in the 'Technical Ceramics' division amounted to EUR 10.3 million, down from EUR 11.4 million in the same period of last year. The earnings trend was similar. EBITDA in the 'Functional Fillers' division improved by 8.9%, to EUR 4.9 million, while EBITDA in the 'Technical Ceramics' division fell from EUR 2.0 million in the second quarter of last year to EUR 1.2 million in the reporting period.
These results confirmed the turnaround which was achieved in the first quarter of 2012 relative to the second half of 2011, when growth was considerably weaker. According to Johannes Heckmann, member of Board of Nabaltec AG: 'The second-quarter results place us entirely within the bounds of our estimates for 2012. The course of business in the second half of the year will represent a considerable challenge given the economic slowdown in many countries and increasing volatility within our markets.'
Despite the tough global economic environment, Nabaltec AG is seeing slight growth in its target markets over 2011 and currently expects revenue growth in the low single digits. The EBIT margin continues to hold at last year's level.
Phone: +49 9431 53-202
Fax: +49 9431 53-260
Better Orange IR & HV AG
Phone: +49 89 8896906-14
Fax: +49 89 8896906-66
End of Corporate News
01.08.2012 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
|Phone:||+49 9431 53-0|
|Fax:||+49 9431 53-260|
|Listed:||Freiverkehr in Berlin, Düsseldorf, München, Stuttgart; Open Market (Entry Standard) in Frankfurt|
|End of News||DGAP News-Service|