Q1/2008 Business Figures
Nabaltec improves consolidated revenue by 24.5% to EUR 25.4 million / EBITDA and EBIT increase sharply over previous year
Nabaltec's earnings likewise developed highly positively in the first quarter of 2008. Earnings before interest, taxes, depreciation and amortization (EBITDA) increased from EUR 2.4 million to EUR 2.9 million. Less depreciation, EBIT reached EUR 1.7 million, thus exceeding the previous year's value of EUR 1.2 million. Finally, earnings after minority interests for the period reached EUR 0.8 million after EUR 1.0 million in the first quarter of 2007.
Gerhard Witzany, Member of the Management Board of Nabaltec AG: "The positive course of business in the first three months of 2008 shows that our company grows consistently. This performance should continue through the further course of the year." For the year as a whole, the company anticipates consolidated revenue of approx. EUR 110 million and a sharp improvement in consolidated earnings. Investments in Schwandorf of over EUR 35 million are also planned for 2008. Nabaltec intends to invest a total of over EUR 60 million in further company growth by 2010. A financing agreement has already been successfully concluded to meet the capital requirement not covered by equity.
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.