Nabaltec AG / Key word(s): Final Results
Nabaltec AG confirms its preliminary data for Financial Year 2013 and provides an outlook for business performance in the first quarter of 2014
- Revenues in the first quarter of 2014 climb to a new record high of EUR 36.8 million according to preliminary data;
- Total revenues of EUR 132.9 million in 2013 (up 2.9%) and EBIT of EUR 10.5 million (up 5.0%) confirmed;
- 2014 outlook: moderate revenue growth and an EBIT margin in line with last year's margin.
Schwandorf, 30 April 2014 - Nabaltec AG published its 2013 consolidated financial statements today, and confirmed its preliminary data for last year. Revenues climbed to EUR 132.9 million, following a trend which remained largely constant throughout the year, exceeding the previous year's record high by 2.9% (2012: EUR 129.2 million). EBIT was up 5.0%, to EUR 10.5 million (2012: EUR 10.0 million), while EBITDA climbed to EUR 19.8 million, up from EUR 18.8 million the year before (up 5.3%).
As in previous years, revenues in the first half of 2013 were the driving force behind the growth in revenues. At the same time, however, the rate of growth in the second half of the year was up significantly relative to 2011 and 2012. Revenues in the first quarter of 2013 were EUR 34.8 million, once again topping the already very strong value posted in the first quarter of the year before. Revenues in the second quarter came to EUR 34.0 million, nearly meeting their comparison value. Revenues in the second half of the year were up significantly from 2012, with EUR 33.8 million in the third quarter and EUR 30.3 million in the fourth quarter.
According to Johannes Heckmann, Member of the Board of Nabaltec AG: "We expect to stay on a growth track in 2014, primarily through volume growth, together with an increase in high value-added products. This year got off to a promising start with the first quarter of 2014. Our customers are quite optimistic for the remainder of the year, although they have been cautious in their forecasts, operating with low inventories."
According to preliminary data, Nabaltec's revenues in the first three months of 2014, EUR 36.8 million, were higher than last quarter and the first quarter of last year, for a new record high. The business division "Functional Fillers" posted revenues of EUR 25.2 million and the business division "Technical Ceramics" had EUR 11.6 million in revenues. EBIT came to EUR 3.0 million in the reporting period, with an EBIT margin (EBIT as a percentage of total performance) of 8.5% and EBITDA of EUR 5.4 million.
Nabaltec projects revenue growth in the mid-single digits this year, assuming the economy continues to stabilize. The company expects its EBIT margin for 2014 to be in line with last year's margin. Streamlined cost management in all areas will help Nabaltec continue to stabilize and improve its earning power.
Note: Nabaltec's 2013 Annual Report and 2013 Annual Financial Statements for Nabaltec AG are available for download in the Investor Relations section of www.nabaltec.de as of today.
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