PresseBox
Press release BoxID: 171840 (Nabaltec AG)
  • Nabaltec AG
  • Alustraße 50 - 52
  • 92421 Schwandorf
  • http://www.nabaltec.de
  • Contact person
  • Heidi Wiendl
  • +49 (9431) 53-202

General meeting adopts another dividend payout

Management Board expects consolidated revenue of around EUR 110 million in 2008

(PresseBox) (Schwandorf, ) The general meeting of Nabaltec AG, a leading supplier of mineral-based flame retardants and raw materials for technical ceramics, approved the proposal from the management board and supervisory board today calling after 2007 for another dividend payout of EUR 0.10 per share in 2008. The other proposals were also approved by a large majority, indicating that the shareholders continue to support the management board's direction of the company.

The management board reported positive operating results in 2007, as revenue rose by 23.0% to EUR 88.1 million. Consolidated earnings after minority interests improved from EUR -0.2 million to EUR 0.2 million. This positive trend is expected to continue in 2008. Gerhard Witzany, Member of the Management Board of Nabaltec AG, described the company's position as follows: "We expect consolidated revenue of around EUR 110 million in 2008, which would represent an increase of around 25%. This development will be approved by the increase in revenue in the first Quarter 2008. Thus, we would not only continue but accelerate our growth of the previous years. We also plan to improve our earnings considerably over 2007." In order to meet these goals, the company aims to improve and optimize existing products while also marketing new products and new product applications. The company will invest over EUR 35 million in its Schwandorf site in 2008, which, amongst others, will go towards further expanding its halogen-free flame retardant fillers capacity, process optimization in the ceramic raw materials segment and the construction of a new production plant for additives.

Detailed information about the business development in the first quarter of 2008 will be published on 27 May in the quarterly report.

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 flame retardant fillers for the plastics industry, used e.g. in cables in tunnels, airports, high-rise buildings and electronic devices, as well as 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. It aims to further consolidate its market position by increasing capacity, continuing to optimize its processes and product quality and strategic additions to its product range and to secure the market leadership in each segment where its specialty products are represented, in addition to qualitative leadership.