Nabaltec AG Posts Continued Growth
In the first nine months of the year, the company posted revenues of EUR 135,3 million, compared to EUR 130,5 million in the same period of last year. Operating profit (EBIT) amounted to EUR 14,0 million in the first nine months of the year, down slightly from the value posted in the same period last year, EUR 14,7 million. EBIT margin (EBIT as a percentage of total performance) was 10,4 %. Revenues in the 3rd quarter of 2018 amounted to EUR 43,5 million, up 4,1 % from the 3rd quarter of 2017, when revenues were EUR 41,8 million. Revenues in the Functional Fillers product segment came to EUR 27,9 million in the 3rd quarter of 2018, up slightly (+2,6 %) from the same period of last year (EUR 27,2 million). Revenues in the Specialty Alumina product segment were up 6,8 % in the 3rd quarter, to EUR 15,6 million, up from EUR 14,6 million in the same period of last year. This growth is largely attributable to the effects of an improved product mix, as well as price adjustments.
The dynamic growth in boehmite sales has been an especially positive development. In light of the growing importance of the boehmite business, Nabaltec AG formed a trading company in October 2018 based in Shanghai/CN. This company will focus on supplying the Chinese market for lithium ion batteries, in which Nabaltec’s boehmite is used in separator films. Nabaltec AG’s quarterly report for the 3rd quarter of 2018 is available for download from the Investor Relations section of