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
- 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.
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