DGAP-News: Nabaltec AG
/ Key word(s): 9 Month figures
Nabaltec AG confirms preliminary results for the third quarter of 2021 with increased revenue forecast for the year as a whole
"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.
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.
25.11.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Phone:||+49 9431 53-0|
|Fax:||+49 9431 53-260|
|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1251836|
|End of News||DGAP News Service|