Nabaltec AG nearly reaches last year's level with revenues in the first nine months of EUR 100.4 million, according to preliminary figures
- Revenues up 4.9% in third quarter of 2012
- Outlook for 2012 as a whole tempered by economic slowdown in sales markets
According to preliminary figures, Nabaltec AG earned revenues of EUR 100.4 million in the first nine months of 2012, thus largely reaching last year's level (EUR 100.7 million). Earnings before interest and taxes (EBIT) decreased from EUR 11.0 million to EUR 8.9 million. Nabaltec will publish the final figures for the first nine months of 2012 and the third quarter on 27 November 2012.
In the period from July to September, Nabaltec AG was able to earn revenues of EUR 32.1 million, up 4.9% over the same quarter of last year (EUR 30.6 million). Revenues in the reporting period slightly flattened out compared to those from the first half of 2012. EBIT decreased from EUR 2.6 million in the third quarter of 2011 to EUR 2.1 million in the reporting period.
The business division "Functional Fillers" managed in the third quarter to outperform the figures from the previous year, registering a gain of 18.8% overall with revenues of EUR 22.7 million. In the business division "Technical Ceramics", quarterly revenues of EUR 9.4 million were down 18.3% from those in the same period of last year (EUR 11.5 million). The company sees the main reason for the decrease in the current restraint in key indirect target industries, such as the European steel industry, based on the economic slowdown.
Gerhard Witzany, Member of the Board of Nabaltec AG: "We are currently feeling the economic slowdown in nearly all our sales markets. This naturally tempers our previous expectations and estimates for the further course of the current financial year."
Under the given circumstances, Nabaltec is reckoning with consolidated revenues for 2012 as a whole slightly above last year's level. Nabaltec predicts that earnings development in the fourth quarter of 2012 will continue to flatten out, so that an EBIT margin ranging between 7% and last year's figure is expected for the year as a whole.
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.