Nabaltec_E_GB2016

T R O P E R T N E M E G A N A M D E T A D I L O S N O C 36 FINANCIAL REPORT REVENUE BY REGION IN 2016 (IN %) 11.4 RoW 12.7 USA 26.7 Germany 49.2 Europe (not including Germany) Total performance was up 4.1% in 2016 Nabaltec Group’s total performance was up 4.1% in 2016, from EUR 153.3 million to EUR 159.6 million. This growth was slightly more modest than the growth in revenues, a circumstance which is attributable to the decrease in inventories of finished and unfinished goods, particularly due to developments in the US. Own work capitalized amounted to EUR 0.7 million. Other operating income, amounting to EUR 2.2 million, is attributable primarily to exchange rate gains and other income from services and deliveries to third parties. Other operating income was down EUR 0.6 million from the year before, due above all to a decrease in gains from the EUR/USD exchange rate relative to the year before. OPERATING EXPENSE RATIOS AS A PERCENTAGE OF TOTAL PERFORMANCE (IN %) Cost of materials Personnel expenses Other operating expenses 2016 50.7 19.9 16.4 2015 52.4 17.5 15.9 Gross profit up from year before, to EUR 5.0 million The cost of materials ratio (cost of materials as a percentage of total performance) decreased slightly, to 50.7% (2015: 52.4%). The gross earnings ratio (gross earnings as a percentage of total performance) increased slightly in 2016, from 49.4% to 50.6%. In absolute terms, gross earnings amounted to EUR 80.8 million, up EUR 5.0 million from last year’s value of EUR 75.8 million. The personnel-expenses ratio (personnel expenses as a percentage of total performance) increased from 17.5% last year to 19.9% in 2016. This was attributable to an increase in pension commitments, higher collective wages and the increase in the number of Group employees from 444 on 31 December 2015 to 460 on 31 December 2016. Other operating expenses increased from EUR 24.3 million to EUR 26.2 million, due primarily to higher freight costs, higher sales commissions and the expansion of sales activities in Asia and the US. The ratio of other operating expenses to total performance was up from 15.9% last year to 16.4%. The ratios for the key expense categories were largely even with the year before. Earnings before interest, taxes, depreciation and amortization (EBITDA) were down 7.3%, from EUR 24.7 million to EUR 22.9 million. Adjusting for EUR 10.7 million in depreciation and amortization in 2016, Nabaltec’s operat- ing profit (EBIT) came to EUR 12.2 million, compared to EUR 14.5 million in the year before. The slightly diminished earnings power is attributable above all to extraordinary effects in |||| Nabaltec AG | Annual Report 2016

Seitenübersicht