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Nabaltec – Revenues up 61,3 %

In terms of earnings as well, the first half of 2010 brought a clear improvement and a return to profitability on all levels of the income statement. Nabaltec’s earnings before interest, taxes, depreciation and amortization (EBITDA) improved from EUR 1,1 million to EUR 7,3 million in the first half of the year. The EBITDA margin (EBITDA as a percentage of total performance) was 13,9 %. Consolidated EBIT came to EUR 3,5 million in the first half of 2010, for a margin of 6,7 %, following a loss of EUR 2,0 million in the first half of 2009. After a strong improvement in earnings in the first quarter, Nabaltec’s earnings grew at an ever faster pace in the second quarter. Nabaltec’s EBIT in the second quarter, EUR 2,5 million, represented the strongest quarterly earnings in the history of the company. Nabaltec was also able to post positive consolidated result after taxes (EUR 0,5 million) in the first half for the first time since the financial crisis (after non-controlling interests). Both of the company’s business divisions reported growth in the first half, with the “Functional Fillers“ business division reporting 59,5 % growth over the first half of last year and the “Technical Ceramics” business division reporting 65,4 % growth. Revenues in the “Functional Fillers“ business division improved from EUR 22,7 million to EUR 36,2 million, and revenue growth in the “Technical Ceramics“ business division was faster and stronger than even Nabaltec itself expected, as revenues grew by EUR 6,8 million to EUR 17,2 million. Nabaltec was able to generate particularly strong growth in the US and Asian regions. Nabaltec’s US subsidiary, Nashtec, increased output once again in the first half of 2010 and is now operating at maximum capacity. Nabaltec’s US revenues in the second quarter of 2010, for example, were almost three times as high as in the second quarter of 2009. In the first half of 2010 sales of boehmite has given noticeably impetus to the revenues for the first time. Boehmite is a product which Nabaltec first introduced in 2009. This product is generating growing demand in three target markets: catalysis (the field for which the boehmite was developed), the electronics industry and energy storage. Nabaltec is therefore planning to substantially expand its production capacity in this product segment. The company’s key investment project for the year 2010 is progressing as planned: the new boehmite production plant is scheduled to go online in October at the Schwandorf site. (08/2010)

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