Nabaltec: Record in the 1st Half of 2017
“The first half of the year went very well for Nabaltec, with continuing growth in nearly all product segments and regions. This is evident in our revenue growth in both product segments, as well as in our EBIT, which was once again up in the second quarter from both the same period of last year and the previous quarter, to EUR 5,7 million. Our foreign share is high and stable”, said Johannes Heckmann, CEO of Nabaltec AG.
Consolidated EBIT came to EUR 9,7 million in the 1st half of the year, compared to EUR 8,5 million in the same period of last year. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR 15,4 million in the 1st half of 2017, up 11,6 % from the same period of last year, with a value of EUR 13,8 million. Revenues in the Functional Fillers product segment increased to EUR 30,7 million in the 2nd quarter of 2017, up slightly from the 2nd quarter of 2016, when revenues were EUR 30,3 million. Revenues in the Technical Ceramics product segment were EUR 14,4 million, up 15,2 % from the same quarter of last year, when revenues were EUR 12,5 million. According to Günther Spitzer, CFO of Nabaltec AG: “We were able to post record-high revenues in the 1st half of the year without the production of our US subsidiary Nashtec. We expect the plant in the US to go back online in the first quarter of 2018. We intend to use the capacity, which this frees up at Schwandorf to participate to a greater extent in the growth of the European market for eco-friendly flame retardants.” Nabaltec has raised its EBIT margin forecast slightly, from its previous expectation, which lay in the high single digits, to around 10 % for 2017 as a whole.