30.04.2012
Nabaltec AG / Key word(s): Final Results/Quarter Results Nabaltec AG has a record year in 2011 and is publishing preliminary figures for first quarter 2012: - revenues in the first quarter of 2012 EUR 34.1 million according to preliminary figures, near the record high from 2011; - total revenues for 2011 up 14.5%, to EUR 129.0 million, and EBIT up 92.3%, to EUR 12.5 million; - consolidated result after taxes doubles in 2011, to EUR 3.6 million; - outlook for 2012: stable EBIT margin expected. Schwandorf, 30 April 2012 - Nabaltec AG published its 2011 consolidated financial statements today, confirming the preliminary figures for 2011. Revenues were up 14.5% in Financial Year 2011, to EUR 129.0 million, and the operating result (EBIT) was up 92.3%, to EUR 12.5 million, despite the fact that economic and market conditions worsened somewhat over the course of 2011. Earnings before taxes (EBT) improved from EUR 1.4 million, to EUR 6.2 million. In addition, earnings per share doubled, to EUR 0.45, and the consolidated result after taxes (after adjusting for non-controlling interests) also doubled, to EUR 3.6 million. Shareholders' equity was up 11.4%, to EUR 46.9 million. Nabaltec Group's operating cash flow in 2011 was down slightly from the year before, to EUR 13.6 million (2010: EUR 15.4 million), as the higher inflow of funds due to the improvement in earnings was offset by a deliberate and temporary reduction in inventories, as well as a decrease in trade payables. Expenditures for investments increased from EUR 7.5 million to EUR 15.5 million, as planned. Net cash flow from financing activity was EUR -0.9 million in 2011, down from EUR 10.5 million the year before. By restructuring its long-term debt, Nabaltec was able to achieve a considerable improvement in its interest rate structure. Cash and cash equivalents decreased slightly, from EUR 19.0 million to EUR 16.3 million. According to preliminary figures, Nabaltec's successes last year carried over into the first quarter of 2012, with revenues of EUR 34.1 million, nearly as high as Nabaltec's record-high revenues in the first quarter of last year, EUR 35.3 million. In particular, the company's revenues in the first quarter represented a significant improvement over the somewhat weaker results in the third and fourth quarters of 2011. Of total revenues for the first quarter, EUR 23.2 million were in the business division 'Functional Fillers' and EUR 10.9 million in the business division 'Technical Ceramics'. Earnings before interest and taxes (EBIT) were down 28.2% from the first quarter of last year, to EUR 2.8 million, but were nearly twice as high as last quarter. The EBIT margin in the reporting quarter (EBIT as a percentage of total performance) was 8.5%. Current incoming orders, which were well above revenues for the first quarter of 2012, indicate that strong growth can be expected. According to Gerhard Witzany, member of the Nabaltec AG Management Board: 'The results for the first quarter of 2012 demonstrate that we are well-positioned for 2012. In the current year we will continue on a high level, although we do not expect the same rate of growth as the year before.' Nabaltec expects its revenues to continue to grow in 2012, although the rate of growth should be less than in 2011. If economic conditions remain stable, revenue growth of more than 5% should be possible. As for the operating result (EBIT), a margin similar to last year's is expected in 2012. Note: The 2011 Annual Report and 2011 Annual Financial Statements for Nabaltec AG are available for download as of today from the Investor Relations section of www.nabaltec.de. About Nabaltec AG: Contact: 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 30.04.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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 |
167356 30.04.2012 |