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Record year for Nanogate AG: Sales up more than 60 percent, forecast results met, equity capital ratio increased to around 90 percent
According to provisional figures, Nanogate AG’s group sales increased last year to around Euro 7.83 million (2005: around Euro 4.76 million; +64%). The growth is the result of the considerably increased demand for products processed using nanotechnology and the conclusion of new collaborations. Nanogate Advanced Materials GmbH was consolidated for the first time. Adjusted for extraordinary effects, mainly costs for IPO, the consolidated results before interest and taxes (EBIT) totalled around Euro 1.02 million (2005: Euro 0.38 million; +168%). As a result, the company’s own forecasts of November 2006 which exceeded analysts’ expectations at the time, were met. Through good operating results and the receipt of funds from the IPO in the Entry Standard on the Frankfurt Stock Exchange (October 2006), the company increased the consolidated equity capital ratio to around 90.3 percent with a balance sheet total increased to around Euro 19.3 million.
Ralf Zastrau, Chairman of Nanogate AG: “The brilliant results in 2006 confirm our strategy as an enabler opening the gateway to nanotechnology for various industries. We will continue our profitable growth course and assume that the number of collaborations and customers will increase considerably in the future.” This year, the company will orient itself to future growth fields thereby securing long-term revenue streams. “In 2007 and 2008, therefore, we will significantly increase our expenditure in new technology platforms and markets. Using new applications, it is our aim to actively profit from the increasing acceptance of nanotechnology," according to Zastrau.
Patent portfolio greatly expanded
With the expansion of business activity and the conclusion of new collaborations, Nanogate AG’s current global patent strategy has been successfully implemented. Just in the last two years, eight new patents have been granted with effect in various countries. More than ten new patent families were registered in the 2006 financial year. “Nanogate is pursing an active patent strategy. The aim is to secure our rights as much and as sensibly as possible in order to be able to participate in the added-value in the market,” explained Zastrau. In future, the company will also increase its number of patents.
The company report with the final figures for 2006 will be published in May 2007. The comparative information for the 2005 financial year refers to the individual accounts of Nanogate AG.
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