29.04.2016
DGAP-News: Nabaltec AG / Key word(s): Final Results Nabaltec AG confirms preliminary figures for Financial Year 2015 and generates record revenues in the first quarter of 2016
Schwandorf, 29 April 2016 - Nabaltec AG published its 2015 consolidated financial statements today and confirmed the preliminary figures. In the past financial year, the company once again increased its revenues - by 5.6% - from EUR 143.3 million in the previous year to EUR 151.3 million. Earnings before interest and taxes (EBIT) of EUR 14.5 million and earnings per share of EUR 0.84 Euro once more exceeded the record levels of the previous year by 14.2% and 21.7%, respectively. All four quarters equally contributed to the good revenue trend, with each quarter up on the previous year's value. At EUR 155.0 million, orders received in 2015 were up by 2.5% on the previous year. According to Gerhard Witzany, Member of the Board of Nabaltec AG: "The past year again saw us deliver customized solutions of top quality to our global customers. This reliability is an essential success factor and the basis for our continued growth potential also in the international markets. Based on our very good performance in 2015 and the prospects of continued moderate growth in 2016, the Management Board and the Supervisory Board intend to propose to our shareholders at the 2016 Annual Meeting a dividend increase from EUR 0.12 per share to EUR 0.15 per share." Nabaltec Group's operating cash flow was down by a moderate 3.8% on the previous year's EUR 20.9 million to EUR 20.1 million. A lower increase in trade payables and other liabilities of EUR 0.9 million was offset by a EUR 3.2 million rise in inventories. The company had a positive start to 2016. According to preliminary figures, Nabaltec's revenues in the first three months of 2016 of EUR 41.2 million significantly exceeded the level of both the previous quarter and the first quarter of 2015 and reached a new record high. The business division "Functional Fillers" generated revenues of EUR 28.1 million, while the business division "Technical Ceramics" posted revenues of EUR 13.1 million. According to preliminary figures, Nabaltec had an operating result (EBIT) of EUR 3.5 million in the reporting period, as well as an EBIT margin (EBIT as a percentage of total performance) of 8.5%. Compared to the prior year period, EBIT was adversely affected by EUR/USD exchange rate effects in the first quarter of 2016. Based on preliminary figures, EBITDA amounted to EUR 6.2 million in the reporting period. "We have been able to continue the good business performance of the previous year in 2016 and expect moderate revenue growth. In view of the unpredictable outcome of the Chapter 11 proceedings of our US raw materials supplier, Sherwin Alumina LLC, we are a bit concerned about the current financial year, although we recently received the good news that an affiliate of the minority shareholder in Nashtec LLC won the bid to purchase Sherwin Alumina LLC's assets," says Johannes Heckmann, Member of the Board of Nabaltec AG. "Hence, the future owner of Sherwin will have an indirect interest to ensure the economic success of Nashtec. We will certainly take all necessary steps to allow our US subsidiary, Nashtec, to continue operating as smoothly as possible and, furthermore, to convince our US customers of our strengths." About Nabaltec AG: Contact:
2016-04-29 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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: | Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart; Open Market (Entry Standard) in Frankfurt | |
End of News | DGAP News Service |