Nabaltec Again Posts Record-High Revenues in the 1st Quarter of 2016
Growth in the 1st quarter was especially strong in the European market outside of Germany. But all across our company‘s divisions and product segments, the results once again made it clear that we continue to have considerable potential and that we are on the right track to exploit this potential for our earnings-oriented growth strategy.“ Revenues in the business division Functional Fillers climbed from EUR 26,9 million in the first quarter of last year to EUR 28,1 million, for an increase of 4,5 %. This growth continues to be based on the very strong performance of the fine precipitated hydroxides product segment (eco-friendly flame retardant fillers, e.g. for the cable and wire industry). The business division Technical Ceramics reported revenues of EUR 13,1 million, up 10,1 % from the same quarter of last year, when the division posted EUR 11,9 million in revenues.
Consolidated EBIT in the reporting quarter amounted to EUR 3,5 million, down from EUR 4,8 million in the same period of last year. Compared to the same period of last year, EBIT in the 1st quarter of 2016 were weighed down by the effects of changes in the EUR/USD exchange rate. EBIT improved by 25,0 % over the 4th quarter of 2015. The EBIT margin (EBIT as a percentage of total performance) was 8,5 % after the first 3 months of 2016. EBIT came to EUR 6,2 million in the 1st quarter of 2016, down 15,1 % from the figure posted in the year before, which was inflated due to positive currency translation effects. Earnings per share were EUR 0,22 after the first 3 months of 2016, down from EUR 0,26 in the first 3 months of 2015. The company expects to post moderate growth for 2016 as a whole.