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Nabaltec AG – Annual Report 2010
The provisional figures for 2010 were confirmed: revenues grew by 54,2 %, from EUR 73,1 million to EUR 112,7 million, a new record. Nabaltec’s earnings before interest, taxes, depreciation and amortization (EBITDA) increased from EUR 3,7 million to EUR 14,3 million, and its EBIT reached EUR 6,5 million, coming after a loss of EUR 2,7 million the year before. Earnings before taxes improved from EUR -7 million to EUR 1,4 million and the consolidated result (after taxes and non-controlling interests) turned positive, improving from EUR -5 million to EUR 1,8 million. Nabaltec Group’s liquidity and cash flow trend in 2010 was very strong, for which three factors were primarily responsible: Nabaltec’s cash flow from operating activities increased from EUR 4,6 million to EUR 15,4 million, while cash flow from investing activities changed from EUR -20,3 million to EUR -7,5 million, as planned. Meanwhile, Nabaltec was able to successfully place a EUR 30 million corporate bond issue in October 2010. Cash and cash equivalents increased from EUR 0,5 million to EUR 19 million and free cash flow for 2010 was EUR 7,9 million. Further information: www.nabaltec.de (06/2011)