DGAP-News: Nabaltec AG / Key word(s): Quarter Results
Nabaltec AG continues its growth spurt with a strong first quarter
Schwandorf, 23 May 2019 - Nabaltec AG published its quarterly report for the first quarter of 2019 today, in which it confirmed its published provisional data. The company posted EUR 48.5 million in revenues in the first quarter of 2019, up 7.3% from the same period of last year, for another record high. Earnings before interest and taxes (EBIT) came to EUR 5.8 million in the reporting period (up 34.9%), for an EBIT margin of 12.1% (EBIT as a percentage of total performance). EBITDA amounted to EUR 9.0 million in the first three months of the year, compared to EUR 7.3 million in the same quarter of the previous year (up 23.3%).
"With clear growth in revenues and earnings, we are once again off to a highly successful start this year," said Johannes Heckmann, CEO of Nabaltec AG. "We look forward to the remainder of the year with optimism, as demand in our traditional markets and applications has remained stable, on the whole. We believe that we are ideally positioned to profit from future developments in the e-mobility market."
Revenues in the "Functional Fillers" product segment came to EUR 32.5 million, compared to EUR 29.3 million in the same period of last year (up 10.9%). Revenues in the "Specialty Alumina" product segment were EUR 15.9 million, on par with last year.
"With quarterly revenues of EUR 48.5 million, we are well within the target corridor of our forecast, which called for revenues of EUR 190 million to EUR 195 million for 2019 as a whole. We are confident that our growth will accelerate somewhat in the second quarter," reported Günther Spitzer, CFO of Nabaltec AG. Nabaltec AG reaffirmed its forecast for 2019 as a whole and expects an EBIT margin between 10.0% and 12.0%, assuming the economy remains stable.
Note: Nabaltec AG's quarterly report for the first quarter of 2019 will be available for download as of 23 May 2019 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|
|EQS News ID:||814917|
|End of News||DGAP News Service|