Nabaltec AG's 2013 revenues and earnings up from the year before according to preliminary data
Revenues up 2.9%, to EUR 132.9 million / EBIT up 5.0%, to EUR 10.5 million / strong start to the year 2014
Both business divisions of the company delivered steady performance and revenue growth in 2013. The business division "Functional Fillers" had revenues of EUR 90.6 million in Financial Year 2013, up 0.8% from the year before (2012: EUR 89.9 million). This stable performance was primarily a result of higher sales volume. US subsidiary Nashtec was able to further strengthen its position in the market, providing a lasting boost to the Group's earnings. Revenues in the business division "Technical Ceramics" were EUR 42.3 million in 2013, due above all to higher sales volume and the development of products with high added value, up from EUR 39.3 million the year before, for a gain of 7.6%. The export ratio was up slightly, from 69.0% in the year 2012 to 69.2%.
Total EBITDA for both business divisions of the company amounted to EUR 19.8 million, up from EUR 18.8 million in the year 2012 (up 5.3%). Earnings growth in the business division "Functional Fillers", measured in terms of EBITDA, fell by 8.8% in the reporting year, from EUR 14.7 million to EUR 13.4 million. The key factor in this development was the slight decrease in prices relative to the year before. In the business division "Technical Ceramics", EBITDA increased by 56.1% over the year before due to higher revenues, from EUR 4.1 million to EUR 6.4 million.
The year 2014 is off to a strong start. Customers deliberately cut inventories in December 2013, but sales were up significantly in January and February 2014. Gerhard Witzany, member of the Board of Nabaltec AG: "We are optimistic for 2014. Our products are meeting with fully intact and stable demand in all markets. As a result, we expect to stay on track for growth in 2014. As the economy continues to stabilize, we expect revenue growth in the mid-single digits and an EBIT margin in line with last year's margin."
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.