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Nabaltec intends to disclose an extraordinary depreciation on fixed assets at its subsidiary Nashtec, USA

·2-min read

Nabaltec AG / Key word(s): Miscellaneous
Nabaltec intends to disclose an extraordinary depreciation on fixed assets at its subsidiary Nashtec, USA

27-Oct-2020 / 14:50 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Nabaltec intends to disclose an extraordinary depreciation on fixed assets at its subsidiary Nashtec, USA

Schwandorf, 27 October 2020 - As part of the preparation of the consolidated financial statements for financial year 2020, Nabaltec AG will presumably disclose an extraordinary depreciation in the amount of EUR 21 - 25 million on the book value fixed assets at Nashtec, USA. The background is the reduction of capacity utilization to below 50% at Nashtec triggered by COVID-19 and the expected slower recovery of sales volumes in the North American market in the years to come.

The exact amount of the extraordinary depreciation will be determined during the preparation of the annual financial statements. In addition to the reduction of fixed assets in the consolidated balance sheet, the measure also reduces the Group's EBIT and consolidated net income for the year. The extraordinary depreciation has no effect on cash flow.

Contact:

 

Information and Explanation of the Issuer to this News:

Contact Investor Relations:

27-Oct-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Johannes Heckmann

Nabaltec AG

Phone: +49 9431 53-201

Fax: +49 9431 53-203

E-mail: jheckmann@nabaltec.de

 

 

 

 

 

 

 

 

 

 

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: vorstandsbuero@nabaltec.de

E-mail: nabaltec@better-orange.de

Johannes Heckmann

Nabaltec AG

Phone: +49 9431 53-201

Fax: +49 9431 53-203

E-mail: jheckmann@nabaltec.de

 

 

 

 

 

 

 

 

 

 

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: vorstandsbuero@nabaltec.de

E-mail: nabaltec@better-orange.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:

1143341


 

End of Announcement

DGAP News Service

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