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Nabaltec AG confirms preliminary results for the third quarter of 2021 with increased revenue forecast for the year as a whole

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DGAP-News: Nabaltec AG / Key word(s): 9 Month figures
25.11.2021 / 10:00
The issuer is solely responsible for the content of this announcement.

Nabaltec AG confirms preliminary results for the third quarter of 2021 with increased revenue forecast for the year as a whole


Schwandorf, 25 November 2021 - In its 3/2021 quarterly report published today, Nabaltec AG confirms the preliminary figures with consolidated revenue of EUR 140.6 million in the first nine months of 2021, corresponding to a gain of 18.3% compared to the same period from the previous year (EUR 118.9 million). Quarterly revenue for the third quarter was EUR 46.7 million, up 25.9% from the same period last year (EUR 37.1 million), when Nabaltec was hit hard by the effects of the pandemic. The operating profit (EBIT) in the first nine months of 2021 was EUR 17.0 million, compared to EUR 5.0 million in the same period of last year. The EBIT margin (EBIT as a percentage of total performance) was 12.3%. EBITDA was EUR 26.5 million in the first nine months of 2021, compared to EUR 16.4 million in the same period from the previous year (+61.6%).

"Fortunately, the market recovery proceeded with greater momentum in the first nine months of the financial year than we had initially expected. Accordingly, we have already succeeded in returning to the figures for 2019 in terms of revenue and earnings," reports Johannes Heckmann, CEO of Nabaltec AG. "In addition to our boehmite, the 'Specialty Alumina' product segment also proved to be a strong driver for growth in 2021, with revenue up 26.9% in the first nine months."

In the "Functional Fillers" product segment, Nabaltec earned quarterly revenue of EUR 32.1 million, compared to EUR 27.3 million in the same period from the previous year (+17.6 %). In the first nine months of 2021, this product segment generated total revenue of EUR 97.7 million, compared to EUR 85.1 million in the same period from the previous year (+14.8%). In the boehmite product range, revenue in the first nine months rose to EUR 17.3 million, an increase of 57.3% compared with the same period of the previous year (EUR 11.0 million). In the "Specialty Alumina" product segment, the company earned revenue of EUR 14.5 million in the third quarter, corresponding to growth of 48.0% (prior-year quarter: EUR 9.8 million). In the first nine months of 2021, this product segment generated total revenue of EUR 42.9 million, compared to EUR 33.8 million in the same period from the previous year (+26.9%).

At the end of October, Nabaltec again raised its revenue forecast for financial year 2021, which had been raised in July, and now expects revenue growth in a range of 13% to 15%. Previously, Nabaltec expected revenue growth in a range of 11% to 14%. On the earnings side, Nabaltec has concretized the EBIT margin in the range of 11% to 12%. Previously, the expectation was for an EBIT margin of 10% to 12%. The new forecast is based on the assumption that the economic conditions relevant for Nabaltec will not significantly deteriorate in the fourth quarter of 2021.

Note: Nabaltec AG's quarterly report 3/2021 will be available for download as of 25 November 2021 in the Investor Relations section of www.nabaltec.de/en.


About 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 and aluminum oxide on an industrial scale through its two product segments, "Functional Fillers" and "Specialty Alumina." The company's product range includes eco-friendly flame retardant fillers and functional 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 have applications in catalysis and in electric vehicles. Nabaltec also produces specialty oxides for use in technical ceramics, the refractory and polishing industries. Nabaltec maintains production sites in Germany and the US and plans to continue to develop 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.

Contact:

Heidi Wiendl-Schneller

Frank Ostermair/Vera Müller

Nabaltec AG

Better Orange IR & HV AG

Phone: +49 9431 53-202

Phone: +49 89 8896906-14

Fax: +49 9431 53-260

Fax: +49 89 8896906-66

E-mail: InvestorRelations@nabaltec.de

E-mail: nabaltec@better-orange.de


25.11.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Nabaltec AG

Alustraße 50-52

92421 Schwandorf

Germany

Phone:

+49 9431 53-0

Fax:

+49 9431 53-260

E-mail:

info@nabaltec.de

Internet:

www.nabaltec.de

ISIN:

DE000A0KPPR7, DE000A1EWL99

WKN:

A0KPPR, A1EWL9

Indices:

Scale 30

Listed:

Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1251836


 

End of News

DGAP News Service

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