DGAP-News: Nabaltec AG / Key word(s): 9-month figures
Nabaltec AG continues its dynamic growth in the third quarter and over the first nine months of 2017
Schwandorf, 28 November 2017 - Nabaltec AG was able to continue its dynamic growth in the third quarter of 2017. Consolidated revenues in the first nine months of 2017 amounted to EUR 130.5 million up from EUR 122.4 million in the same period of last year, for a gain of 6.6%. Third-quarter revenues were up 8.9% from the year before, to EUR 41.8 million.
"Our stable revenue growth continued in July, August and September, and we were also able to post earnings which somewhat exceeded our expectations. Nabaltec's target markets are fully intact," reports Johannes Heckmann, CEO of Nabaltec AG. "With the acquisition of all shares in Nashtec in the US in March of this year and the capital increase in September, we have set the right course to bring our company forward and develop our market position in line with our growth strategy and the existing market potential."
Consolidated EBIT amounted to EUR 14.7 million in the first nine months of the year, compared to EUR 11.0 million in the same period of last year. The EBIT margin (EBIT as a percentage of total performance) was 11.5% in the first nine months of 2017, up from 9.0% in the same period of last year. Earnings before interest, taxes, depreciation and amortization (EBITDA) reached a value of EUR 23.4 million in the first three quarters of 2017, up 23.2% from the same period of last year, when EBITDA amounted to EUR 19.0 million.
Revenues in the "Functional Fillers" product segment amounted to EUR 86.9 million in the first nine months of 2017, compared to EUR 83.8 million in the same period of last year. In the third quarter of 2017, revenues in this product segment came to EUR 27.2 million, up from EUR 25.5 million in the same quarter of last year. Total revenues in the "Technical Ceramics" product segment climbed from EUR 38.5 million to EUR 43.6 million in the first nine months of 2017. As in the first two quarters of 2017, there was strong revenue growth in the third quarter of 2017, with revenues up 13.2% to EUR 14.6 million (same quarter of last year: EUR 12.9 million).
The export ratio in the first three quarters of 2017 was 73.2%, up slightly from the year before (72.9%), demonstrating that strong foreign demand remains intact. Nabaltec once again posted growth in the key regions of Europe, Asia and the US in the first nine months of 2017. Günther Spitzer, CFO of Nabaltec AG, stated as follows: "In view of the fact that we have posted our revenue growth without the production of our US subsidiary Nashtec, we believe we will have very good opportunities to profit to a greater degree from the growth of the eco-friendly flame retardants market, with the facility in the US set to go back online in the second quarter of 2018. We reaffirm our forecast for 2017 as a whole, with an EBIT margin of around 10% and revenue growth in the mid-single digits."
Already at the beginning of the third quarter in August 2017, Nabaltec AG raised its 2017 EBIT forecast slightly, from the high single digits to around 10%. Its revenue growth expectations were raised slightly as well, from the low single digits to the mid-single digits.
Note: Nabaltec AG's quarterly report for the third quarter of 2017 will be available for download as of 28 November 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, Frankfurt (Scale), Munich, Stuttgart, Tradegate Exchange|
|End of News||DGAP News Service|