31.05.2011
Nabaltec AG / Key word(s): Quarter Results
31.05.2011 / 08:00
Nabaltec AG: The positive trend from 2010 continues seamlessly, with strong
revenue growth in the first quarter of 2011
- Revenues grow 44.7%, to a new record of EUR 35.3 million.
- EBIT more than quadruples, from EUR 0.9 million to EUR 3.9 million.
Schwandorf, 31 May 2011 - Nabaltec AG's growth trend continued strongly in
the first quarter of 2011, as revenues increased by 44.7%, from EUR 24.4
million to EUR 35.3 million. Nabaltec's revenues were up 14.2% from the
fourth quarter of 2010, formerly the highest total in the company's
history. The strong growth in earnings also continued, as Nabaltec's EBIT
margin in the first quarter exceeded the 10% mark for the first time, with
EBIT climbing to 11.0% of total performance. In absolute terms, EBIT more
than quadrupled, increasing from EUR 0.9 million in the first quarter of
2010 to EUR 3.9 million in the reporting quarter. Earnings after taxes and
non-controlling interests were strong in the first quarter, EUR 1.6
million. This represents an improvement of EUR 1.9 million, since the same
figure in the first quarter of last year showed a net loss of EUR 0.3
million. Earnings per share were EUR 0.20 in the reporting quarter, up from
EUR -0.03 in the first quarter of last year.
2010 as a whole Nabaltec's revenues were up 54.2%, and earnings also swung
much higher relative to 2009. 'We were somewhat surprised by our strong
revenue growth in 2010, but the outstanding development in 2011 has been
the fact that earnings growth has clearly outpaced revenue growth. A
double-digit EBIT margin for the year as a whole is and remains our
medium-term target', said Johannes Heckmann, member of the Nabaltec AG
Management Board.
Both business divisions posted growth over the first quarter of last year,
with revenues in the 'Functional Fillers' division up 45.2% in the
reporting quarter and revenues in the 'Technical Ceramics' division up
43.6%. Revenues in the 'Functional Fillers' division increased from EUR
16.6 million to EUR 24.1 million, driven above all by the outstanding
growth in fine precipitated hydroxides, i.e. eco-friendly flame retardant
fillers, e.g. for the wire & cable industry. Meanwhile, the 'Technical
Ceramics' division continued its very strong development, with revenues
increasing from EUR 7.8 million to EUR 11.2.
From a regional perspective, Nabaltec's dynamic growth in the US continued.
This was true both for the flame retardant fillers manufactured in the US
by the Nashtec joint venture and for the products of the 'Technical
Ceramics' division. At the same time, international growth was very
broad-based and sustained, as revenues were up by at least 40% over the
first quarter of last year in all regions.
Note: Nabaltec AG's quarterly report for the first quarter of 2011 is
available for download as of 31 May 2011 in the Investor Relations section
of www.nabaltec.de.
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, DE000A1EWL99
WKN: A0KPPR, A1EWL9
Listed: Freiverkehr in Berlin, Düsseldorf, München, Stuttgart;
Entry Standard in Frankfurt
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