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Nabaltec AG Publishes Half-Year Report 2023

Nabaltec AG/DE published its half-year report 2023, in which it confirms the previously announced quarterly revenues of EUR 49,1 million in the second quarter (–12,2 %; prior-year quarter: EUR 55,9 million). In the first six months, consolidated revenues thus amounted to EUR 106,1 million, compared to EUR 110,7 million in the same period of the previous year (–4,2 %).

Sales volumes were down across the two product segments Functional Fillers and Specialty Alumina, reflecting currently weak industrial momentum. “In the second quarter, we had to pay tribute to the significant slowdown in important target markets such as the cable and wire, construction and steel industries. For a long time, we were able to compensate for the declining sales volumes through our active pricing policy. Thus, in the first quarter of 2023, we were once again able to increase revenues despite declining sales volumes, which was no longer possible in the second quarter. In general, and from a long-term perspective, however, we see our markets and our market position intact, and we expect sales momentum to increase again,” reported Johannes Heckmann, CEO of Nabaltec AG.

In the Functional Fillers product segment, Nabaltec’s second quarter revenues were EUR 34,2 million, down from EUR 38,5 million in the corresponding period last year (–11,2 %). In the first six months of 2023, this product segment thus generated total revenues of EUR 74,2 million, compared to EUR 75,4 million in the same period last year (–1,6 %). The Specialty Alumina product segment generated revenues of EUR 14.9 million in the second quarter of 2023, a decrease of 14,4 % compared to the same quarter of the previous year (EUR 17,4 million). Revenues for the first half of 2023 in this product segment thus amounted to EUR 31,9 million, compared to EUR 35.3 million (–9,6 %) in the first half of 2022.

Nabaltec AG generated earnings before interest, taxes, depreciation and amortization (EBITDA) of EUR 14,9 million in the first six months of 2023, compared to EUR 22,2 million in the first half of the previous year (–32,9 %). In terms of consolidated operating profit (EBIT), EUR 8,5 million were generated in the first half of 2023, compared with EUR 15,7 million in the same period of the previous year (–45,9 %). The EBIT margin (EBIT as a percentage of total performance) was thus 8,1 % in the first six months of 2023, compared with 14,0 % in the corresponding prior-year period.

Against the backdrop of the current market development with a weakness in demand and ongoing destocking on the part of customers, Nabaltec AG had adjusted its forecast for the full year on 4 August 2023. The company now expects a year-on-year decline in revenues in a range of 4–6 %. On the earnings side, the company forecasts an EBIT margin for 2023 in a range of 6–8 %.


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