DGAP-News: Nabaltec AG / Key word(s): 9 Month figures/Quarterly / Interim Statement
Nabaltec AG posts continued growth
- Revenues up 3.7% in the first nine months of 2018, to EUR 135.3 million
- EBIT of EUR 14.0 million in the first nine months of the year; EBIT margin of 10.4%
"On the whole, we are satisfied with our results in the third quarter and in the first nine months of the year," said Johannes Heckmann, CEO of Nabaltec AG. "As we expected, and as we have been reporting for a long time, implementation of the stand-alone solution for our subsidiary Nashtec has had the effect of weighing down earnings. We have been able to mitigate this effect to a certain extent at the Group level and largely compensate for it through an improved product mix and appropriate price adjustments. Accordingly, we continue to expect revenue growth in the mid-single digits for 2018 as a whole, with an EBIT margin in the high single digits."
Revenues in the third quarter of 2018 amounted to EUR 43.5 million, up 4.1% from the third quarter of 2017, when revenues were EUR 41.8 million. Revenues in the "Functional Fillers" product segment came to EUR 27.9 million in the third quarter of 2018, up slightly (+2.6%) from the same period of last year (EUR 27.2 million). Revenues in the "Specialty Alumina" product segment were up 6.8% in the third quarter, to EUR 15.6 million, up from EUR 14.6 million in the same period of last year. This growth is largely attributable to the effects of an improved product mix, as well as price adjustments.
The dynamic growth in boehmite sales has been an especially positive development. In light of the growing importance of the boehmite business, Nabaltec AG formed a trading company in October 2018 based in Shanghai. This company will focus on supplying the Chinese market for lithium ion batteries, in which Nabaltec's boehmite is used in separator films. The increased proximity to customers which will be created by this move is expected to provide an additional boost in the Chinese market, the world's largest market for lithium ion batteries.
Note: Nabaltec AG's quarterly report for the third quarter of 2018 is available for download from 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|