DGAP-News: Nabaltec AG / Key word(s): Half Year Results
Nabaltec's revenues set a new record high in the first half of 2017
Schwandorf, 29 August 2017 - Nabaltec AG's revenues climbed to a record high of EUR 88.7 million in the first half of 2017, up 5.6% from the same period of last year (EUR 84.0 million). Revenues in the second quarter were up 5.4% from the year before, to EUR 45.1 million.
"The first half of the year went very well for Nabaltec, with continuing growth in nearly all product segments and regions," said Johannes Heckmann, CEO of Nabaltec AG. "This is evident in our revenue growth in both product segments, as well as in our EBIT, which was once again up in the second quarter from both the same period of last year and the previous quarter, to EUR 5.7 million. Our foreign share is high and stable, and we are investing in the ongoing expansion of our capacities so as to meet the growing market demand over the long term."
Consolidated EBIT came to EUR 9.7 million in the first half of the year, compared to EUR 8.5 million in the same period of last year. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR 15.4 million in the first half of 2017, up 11.6% from the same period of last year, with a value of EUR 13.8 million.
Revenues in the "Functional Fillers" product segment increased to EUR 30.7 million in the second quarter of 2017, up slightly from the second quarter of 2016, when revenues were EUR 30.3 million. Revenues in the "Technical Ceramics" product segment were EUR 14.4 million, up 15.2% from the same quarter of last year, when revenues were EUR 12.5 million.
According to Günther Spitzer, CFO of Nabaltec AG: "We were able to post record-high revenues in the first half of the year, and we did this without the production of our US subsidiary Nashtec. We expect the plant in the US to go back online in the first quarter of 2018. We intend to use the capacity, which this frees up at Schwandorf to participate to a greater extent in the growth of the European market for eco-friendly flame retardants. We are currently operating at the very limit of our capacity at the Schwandorf site in this product segment, which has resulted in a strong margin. Accordingly, we have specified our forecast for 2017 as a whole and adjusted it slightly upward."
Nabaltec AG has raised its EBIT margin forecast slightly, from its previous expectation, which lay in the high single digits, to around 10% for 2017 as a whole. Expectations with regard to underlying revenue growth have been raised slightly as well, from the low single digits to the mid-single digits.
Note: Nabaltec AG's quarterly report for the second quarter of 2017 will be available for download as of 29 August 2017 in the Investor Relations section of www.nabaltec.de.
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 (Scale) in Frankfurt|
|End of News||DGAP News Service|