01.03.2012
Nabaltec AG / Key word(s): Preliminary Results
01.03.2012 / 10:24
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Nabaltec AG: Preliminary 2011 data set new records:
- revenues a record-high EUR 129.0 million;
- EBIT up from EUR 6.5 million to EUR 12.5 million;
- a good start to 2012, and further revenue growth expected.
Schwandorf, 1 March 2012 - Nabaltec AG posted new records for key figures
in Financial Year 2011, according to preliminary data. Despite the fact
that the economic and market environment worsened as the year went on,
revenues were up 14.5%, to EUR 129.0 million, and operating result (EBIT)
was up 92.3%, to EUR 12.5 million. Earnings before taxes (EBT) improved
from EUR 1.4 million to EUR 6.2 million. Earnings per share doubled to EUR
0.45 and shareholders' equity was up 11.4%, to EUR 46.9 million.
Gerhard Witzany, member of the Nabaltec AG Management Board, stated as
follows: 'After a very strong first half of the year, conditions became
increasingly difficult in the second half. As a result, we are especially
proud that we were nevertheless able to report record revenues and earnings
in the past Financial Year.'
Both business divisions of Nabaltec AG contributed to this very strong
performance in Financial Year 2011. Revenues in the 'Functional Fillers'
division were up 11.7%, to EUR 84.8 million, thanks to a stable sales
volume and an increasing focus on high added-value product segments.
Nabaltec's US subsidiary Nashtec was able to further solidify its market
position and is now a reliable contributor to the Group's earnings.
Nashtec's revenues were up by around 19% from the year before. The revenue
growth rate in the 'Technical Ceramics' division was higher than the Group
average, with revenues up 20.1%, to EUR 44.2 million. Nabaltec Group's
export ratio remained down slightly from the year before, at 68.4%.
The earnings trend was also very positive in both business divisions.
EBITDA increased by 50.0% in the reporting year in the 'Functional Fillers'
division, from EUR 9.0 million to EUR 13.5 million, and from EUR 5.3
million to EUR 7.0 million in the 'Technical Ceramics' division. Overall,
EBITDA increased to EUR 20.6 million, up from EUR 14.3 million the year
before.
The year 2012 started encouraging. The caution which many customers have
exhibited since the third quarter of 2011, some of whom have deliberately
cut their inventories, gave way to a rebound in demand at the start of
2012. Thanks to the impact of pent-up demand, the first quarter of 2012 got
off to a good start. 'With our product range and the reputation we have
built over the years, we are perfectly positioned for continued success. We
expect our markets to remain fully intact in 2012 and, provided the
economic situation does not worsen significantly, we look forward to
further revenue growth, although the overall rate of growth will be lower
than in 2011. If the economic environment remains stable, growth of higher
than 5% should be attainable. As for the operating result (EBIT), we expect
to post a margin similar to last year's,' said Johannes Heckmann, member of
the Nabaltec AG Management Board.
About Nabaltec AG:
Nabaltec AG, with registered office in Schwandorf, a chemicals business
which has received multiple awards for innovativeness, manufactures,
develops and distributes highly specialized products based on aluminum
hydroxide ('ATH') and aluminum oxide, as well as other raw materials, on an
industrial scale through its 'Functional Fillers' and 'Technical Ceramics'
divisions. The company's product range includes halogen-free flame
retardant fillers and eco-friendly additives for the plastics industry.
Flame retardant fillers are used e.g. in cables in tunnels, airports,
high-rise buildings and electronic devices, while additives replace
stabilizers containing heavy metals in PVC processing. Nabaltec also
produces base materials for use in technical ceramics, the refractory
industry and catalysis. Unlike halogenated flame retardant fillers, the
products manufactured by the company's 'Functional Fillers' division
contain no hazardous substances and do not require separate disposal.
Rather, the company's flame retardant fillers actually decrease the
development of fumes hazardous to human health and the environment in the
event of fire. Nabaltec maintains production sites in Germany and the US
and plans to continue to consolidate its market position by expanding
capacity, further optimizing processes and quality and making strategic
extensions to its product range. On the strength of its specialty products,
the company strives to attain the market leadership in each segment.
Contact:
Heidi Wiendl
Nabaltec AG
Phone: +49 9431 53-202
Fax: +49 9431 53-260
E-mail: InvestorRelations@nabaltec.de
Frank Ostermair
Better Orange IR & HV AG
Phone: +49 89 8896906-14
Fax: +49 89 8896906-66
E-mail: frank.ostermair@better-orange.de
End of Corporate News
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Language: English
Company: Nabaltec AG
Alustraße 50-52
92421 Schwandorf
Germany
Phone: +49 9431 53-0
Fax: +49 9431 53-260
E-mail: info @nabaltec.de
Internet: www.nabaltec.de
ISIN: DE000A0KPPR7, DE000A1EWL99
WKN: A0KPPR, A1EWL9
Listed: Freiverkehr in Berlin, Düsseldorf, München, Stuttgart;
Entry Standard in Frankfurt
End of News DGAP News-Service
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