Nabaltec AG / Key word(s): Quarter Results
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.
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.
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.
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