PresseBox
Press release BoxID: 459703 (Nabaltec AG)
  • Nabaltec AG
  • Alustraße 50 - 52
  • 92421 Schwandorf
  • http://www.nabaltec.de
  • Contact person
  • Heidi Wiendl
  • +49 (9431) 53-202

Preliminary Figures for the First Nine Months of 2011

(PresseBox) (Schwandorf, ) .
- revenues up 23.1%, to EUR 100.7 million;
- EBIT doubles, to EUR 11.0 million;
- outlook for the fourth quarter affected by increasing uncertainty in target markets.

Nabaltec AG's revenues over the first nine months of 2011 were up 23.1% according to preliminary figures, increasing from EUR 81.8 million to EUR 100.7 million. Earnings before interest and taxes (EBIT) more than doubled over the same period, climbing from EUR 5.2 million to EUR 11.0 million. Nabaltec's final data for the first nine months of 2011 will be published on 29 November 2011.

As a whole, Nabaltec's business was stable in the third quarter of 2011, although the rate of growth was not quite as high as before. Revenues between July and September increased over the same period of last year by 7.7%, to EUR 30.6 million, and EBIT increased by 44.4%, to EUR 2.6 million. Growth in the third quarter was therefore weaker than in the first two quarters of the year, both of which were record-breaking quarters for Nabaltec. "We are seeing a consolidation at a slightly reduced level, which will continue in the fourth quarter as well", said Johannes Heckmann, a member of Nabaltec AG's Management Board.

Nabaltec AG was able to restructure a substantial portion of its existing long-term bank debts in the third quarter of 2011. The current terms represent a clear improvement over the previous loan agreements.

The unresolved Euro Zone debt crisis and the downward revision of GDP growth forecasts for many world economies have created increasing uncertainty in Nabaltec's markets all over the world. Inventories are currently being reduced all along the value chain, the exact opposite of the trend in May. Meanwhile, order sizes are getting smaller and customers are now waiting to place orders until right before the materials are needed. In this environment, Nabaltec expects revenues for 2011 as a whole to fall into the range of EUR 128-131 million. As a result, the earnings target for 2011 (based on EBIT) of EUR 12 million appears highly ambitious, but still achievable.

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 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.