DGAP-News: Nabaltec AG / Key word(s): 9-month figures
Nabaltec AG's revenues in the first nine months of 2016 once again up from the same period of last year
Schwandorf, 29 November 2016 - Nabaltec AG earned total revenues of EUR 122.4 million in the first nine months of 2016, up 6.1% from the year before, when revenues were EUR 115.4 million. Consolidated revenues came to EUR 38.4 million in the third quarter, up 2.1% from the same period of 2015 (EUR 37.6 million).
Johannes Heckmann, Member of the Board of Nabaltec AG stated as follows: "Both business divisions reported growth in the third quarter, although revenues fell short of the very strong figures posted in the first two quarters due to the fact that the summer months tend to be quieter. After nine months, revenues in the business division 'Functional Fillers' are up 6.8% and revenues in the business division 'Technical Ceramics' are up 4.3%."
Revenues in the business division "Functional Fillers" amounted to EUR 83.8 million in the first nine months of 2016, up from EUR 78.5 million in the same period of last year. Revenues in this business division were EUR 25.5 million in the third quarter of 2016, compared to EUR 24.8 million in the same quarter of last year. Total revenues in the business division "Technical Ceramics" climbed from EUR 36.9 million to EUR 38.5 million in the first nine months of 2016. Revenues of EUR 12.9 million were posted in the third quarter of 2016, compared to EUR 12.8 million in the same period of last year.
The revenue share of the US region has remained stable after the first nine months of 2016 at 13.0%, in line with last year. Production at Nabaltec's US subsidiary, Nashtec, was halted at the end of August after the raw materials supplier Sherwin Alumina discontinued operations due to an ongoing Chapter 11 bankruptcy procedure. The production stoppage at Nashtec did not affect revenues because production was shifted to Germany.
Consolidated EBIT was EUR 11.0 million in the first three quarters of 2016, compared to EUR 11.7 million in the same period of last year. The EBIT margin (EBIT as a percentage of total performance) was 9.0% in the first nine months of 2016, down from 10.2% in the same period of last year. Earnings before interest, taxes, depreciation and amortization (EBITDA) came to EUR 19.0 million in the first three quarters of 2016, down slightly, by 1.0%, from the value of EUR 19.2 million posted in the same period of last year. This was attributable to somewhat weaker earnings in the first quarter of 2016. Accordingly, the EBITDA margin (EBITDA as a percentage of total performance) fell from 16.7% in the first nine months of 2015 to 15.6% in the reporting period.
"The market drivers remain intact and we are strategically well-positioned. With the IPO, we were able to strengthen the further development of the company and expand our market position dynamically. On 24 November 2016, we celebrated the 10th anniversary of our admission to the stock exchange. In that time, we have grown steadily and become the company we are today," said Gerhard Witzany, Member of the Board of Nabaltec AG.
Note: Nabaltec AG's interim report for the third quarter of 2016 will be available for download in the Investor Relations section of www.nabaltec.de as of 29 November 2016.
About Nabaltec AG:
|Phone:||+49 9431 53-0|
|Fax:||+49 9431 53-260|
|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange; Open Market (Entry Standard) in Frankfurt|
|End of News||DGAP News Service|