Nabaltec AG Continues to Post Growth
The results in each individual quarter improved upon the results from the same quarter of the year before. The company’s two business divisions, Functional Fillers and Technical Ceramics, both contributed to the revenue growth. Revenues in the business division Functional Fillers were EUR 109,1 million in 2016, up 6,6 % from the year before. The business division Technical Ceramics reported EUR 50,1 million in revenues in financial year 2016, up 2,0 % from the year before. According to preliminary figures, Nabaltec posted an operating profit (EBIT) of EUR 12,2 million in 2016. This was a highly satisfactory result in view of the situation in USA with the insolvency of Nashtec LLC’s raw materials supplier and the associated production freeze, as well as the increase in contributions to retirement benefit obligations. Earnings before interest, taxes, depreciation and amortization were down slightly, falling by 7,3 %, from EUR 24,7 million to EUR 22,9 million.