03.03.2011
Nabaltec AG / Key word(s): Preliminary Results/Forecast
03.03.2011 / 11:28
Nabaltec AG: Preliminary 2010 figures show record revenues:
- revenue forecast exceeded due to outstanding fourth quarter of 2010;
- EBIT improved from EUR -2.7 million to EUR 6.5 million in 2010;
- orders on hand at record level, EUR 53.3 million;
- 2011 outlook: revenue growth expected in the low double digits and EBIT
expected to increase above average.
Schwandorf, 3 March 2011 - According to preliminary figures, Nabaltec AG
set new records in revenues and earnings in Financial Year 2010. Revenues
were up 54.2%, from EUR 73.1 million to EUR 112.7 million and preliminary
figures indicate that Nabaltec earnings before interest, taxes and
depreciation (EBITDA) increased from EUR 3.7 million to EUR 14.3 million.
EBIT improved to EUR 6.5 million, coming after a loss of EUR 2.7 million
the year before, and earnings before taxes (EBT) improved from EUR -7.0
million to EUR 1.4 million.
Gerhard Witzany, Member of the Board of Nabaltec AG, stated as follows: 'We
raised our 2010 forecast on two occasions but still exceeded it. We've set
multiple new records over the course of the year with an outstanding fourth
quarter of 2010, in which revenues were above EUR 30 million for the first
time. We also had incoming orders of EUR 58.6 million in that quarter and,
for the year as a whole, incoming orders amounted to EUR 159.4 million.
With revenues of EUR 112.7 million for the year, this is a clear indication
for a continuous further growth. Nabaltec finished the year 2010 with EUR
53.3 million in orders on hand, the highest in company history.'
Nabaltec's growth in 2010 was very broad-based. Both business divisions
posted strong revenue growth, with revenues in the 'Functional Fillers'
division up 51.2% and revenues in the 'Technical Ceramics' division up
60.7%. All product segments and all regions posted growth in 2010. Growth
was especially strong in the US, where each of the company's two divisions
more than doubled their revenues from the year before. Nabaltec Group's
export rate remained nearly unchanged, at 69.9%, and at a very high level.
Both divisions also reported a very significant jump in earnings in 2010.
EBITDA in the 'Functional Fillers' division improved from EUR 2.8 million
to EUR 9.0 million, while EBITDA in the 'Technical Ceramics' division
increased from EUR 0.9 million to EUR 5.3 million.
Based on the continuing demand for eco-friendly fillers, as well as other
momentums in the technical ceramics and refractory industries, Nabaltec
expects revenue growth in the low double digits in the year 2011. Operating
profit (EBIT) is expected to grow faster than revenues in 2011. According
to Johannes Heckmann, Member of the Board of Nabaltec AG: 'We are
benefiting from long-term trends. The global trend towards eco-friendly
high-tech materials in flame retardants for plastics is constantly getting
stronger and demand for higher-quality refractory products in metal
production is increasing worldwide at a faster rate than production. At the
same time, we have been able to demonstrate our reliability as suppliers
and consistent quality to customers in the past two years, which were quite
eventful throughout the industry. This is now helping us to improve our
market position above average.'
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
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Language: English
Company: Nabaltec AG
Alustraße 50-52
92421 Schwandorf
Deutschland
Phone: +49 9431 53-0
Fax: +49 9431 53-260
E-mail: info @nabaltec.de
Internet: www.nabaltec.de
ISIN: DE000A0KPPR7
WKN: A0KPPR
Listed: Freiverkehr in Berlin, Düsseldorf, München, Stuttgart;
Entry Standard in Frankfurt
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