Nabaltec AG Continues to Post Growth
The results in each individual quarter improved upon the results from the same quarter of the year before. The company’s two business divisions, Functional Fillers and Technical Ceramics, both contributed to the revenue growth. Revenues in the business division Functional Fillers were EUR 109,1 million in 2016, up 6,6 % from the year before (EUR 102,3 million). The business division Technical Ceramics reported EUR 50,1 million in revenues in financial year 2016, up 2,0 % from the year before (2015: EUR 49,1 million).
According to preliminary figures, Nabaltec posted an operating profit (EBIT) of EUR 12,2 million in 2016. This was a highly satisfactory result in view of the extraordinary situation in the US, with the insolvency of Nashtec LLC’s raw materials supplier and the associated production freeze, as well as the increase in contributions to retirement benefit obligations. In the year before, EBIT came to EUR 14,5 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) were down slightly, falling by 7,3 %, from EUR 24,7 million to EUR 22,9 million. The EBIT margin (EBIT as a percentage of total performance) was 7,7 %, down from 9,5 % in the year before.