Nabaltec presents nine-month figures 2008
- Consolidated revenue improves by 18.4% to EUR 76.4 million
- EBIT increases by 37.1% to EUR 4.8 million
- Consolidated revenue 2008 of approx. EUR 95 million expected
The Nabaltec Group, a leading supplier of mineral-based flame retardants and raw materials for technical ceramics, was able in the first nine months of 2008 to improve revenue by 18.4% from EUR 64.5 million to EUR 76.4 million. The "Functional Fillers" division contributed with EUR 49.9 million (first nine months of 2007: EUR 42.5 million) and the "Technical Ceramics" division with EUR 26.5 million (first nine months of 2007: EUR 22.0 million). Earnings also developed positively in the reporting period. Earnings before interest, taxes, depreciation and amortization (EBITDA) rose in the first nine months of 2008 by 25.0% to EUR 8.5 million (first nine months of 2007: EUR 6.8 million), while the operating result (EBIT) increased by 37.1% to EUR 4.8 million (first nine months of 2007: EUR 3.5 million). Accordingly, the EBIT margin from total performance rose from 5.5% to 6.1%. Earnings after minority interests in the first nine months of the year came to EUR 1.9 million (first nine months of 2007: EUR 2.3 million).
"The first nine months of 2008 developed quite positively for us, since we could increase both revenue and EBIT", explains Gerhard Witzany, Member of the Management Board of Nabaltec AG. "In view of the excellent average revenue development in the first three quarters of the year, we will be able to increase revenue for the full year by 8% to approx. EUR 95 million despite the strongly declining demand. EBIT showed clear improvement over 2007, both on a quarterly basis and for the first nine months of the year. Due to the weak market, however, we do not expect further EBIT growth in the fourth quarter."
You may find the complete quarterly report 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.