Nabaltec AG publishes Annual Report 2007
Earnings performed variedly in 2007. Earnings before interest, taxes, depreciation and amortization (EBITDA) improved from EUR 6.6 to 7.1 million. The operating result (EBIT) was EUR 2.9 million after EUR 4.0 million in the previous year. This change was attributable above all to an increase in the cost of materials, which also include expenses from the interruption in production at Nashtec. Increases in freight costs were registered particularly due to the air freight from Schwandorf required to supply Nashtec customers during the operational shutdown. Consolidated earnings after minority interests still reached EUR 0.2 million (previous year: EUR -0.2 million) despite the start-up losses and two-month plant shutdown at Nashtec due to the safety inspection.
For the fiscal year 2008, the management board anticipates a significant increase in both revenue and earnings. The further expansion of fine precipitated aluminum hydroxide capacity in Schwandorf is expected to be a major contributor in this regard. A total of more than EUR 35 million is to be invested in Schwandorf in 2008 to keep pace with future market and company growth.
The full Annual Report 2007 can be downloaded at www.nabaltec.de under "Investor Relations".
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.