Nabaltec AG's revenues and earnings in the first quarter of 2015 up from the same period of last year

• Revenues up 5.4% to EUR 38.8 million, EBIT up 60.0% to EUR 4.8 million;
• Earnings per share up 52.9%, to EUR 0.26.

Nabaltec AG published its interim report for the first quarter of 2015 today, and confirmed its preliminary data. The company's strong performance last year continued in the first quarter of 2015, as both revenues and earnings exceeded the comparison values from the year before. Nabaltec's consolidated revenues amounted to EUR 38.8 million in the first quarter of 2015, up 5.4% from the value posted in the same quarter of last year, EUR 36.8 million. Relative to the fourth quarter of 2014, revenues were up 14.8%. In operating result (EBIT), a strong 60.0% gain was posted relative to the first quarter of 2014, to EUR 4.8 million.

Gerhard Witzany, Member of the Board of Nabaltec AG: "Our start in the year 2015 has been made-to-order. We did not only achieve a new record high in revenues, but strong growth in EBIT as well. This figure was supported by an increase in other operating income due to positive currency exchange rate effects, but even adjusting for this effect, we were well above the comparison value. However, we will not rest on our laurels, as there continues to be significant potential in both business divisions, which we want to exploit."

Revenues in the business division "Functional Fillers" climbed from EUR 25.2 million to EUR 26.9 million, and were therefore up 6.7% from the first quarter of 2014. This growth continues to be based on the very strong performance of the fine precipitated hydroxide product segment (eco-friendly flame retardant fillers, e.g. for the cable and wire industry). The business division "Technical Ceramics" posted a 2.6% gain, to EUR 11.9 million (same quarter of last year: EUR 11.6 million).

Consolidated operating result (EBIT) amounted to EUR 4.8 million in the reporting quarter, up from EUR 3.0 million in the same period of last year. EBIT more than doubled relative to the fourth quarter of 2014. The EBIT margin (EBIT as a percentage of total performance) climbed from 8.5% in the first quarter of 2014 to 12.5% in the reporting quarter. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR 7.3 million in the first quarter of 2015, up 35.2% from the value posted in the same quarter of last year, EUR 5.4 million. Earnings per share were up 52.9%, from EUR 0.17 in the first three months of 2014 to EUR 0.26 in the reporting period.

Cash flow from operating activities increased from EUR 7.8 million in the same period of last year to EUR 15.8 million in the first quarter of 2015. Spending on investments decreased relative to the same quarter of last year, from EUR 3.8 million to EUR 2.0 million. Cash flow from financing activities amounted to EUR -8.0 million, compared to EUR -3.0 million in the same period of last year. Amortization payments were in line with long-term estimates. In addition, a bank loan in the amount of EUR 5.0 million was amortized ahead of schedule.

The company has confirmed its previous forecast for the present year, which calls for revenue growth in the mid-single digits and an EBIT margin in line with last year's margin.

Johannes Heckmann, Member of the Board of Nabaltec AG: "We are presently in a stable market environment with a positive cross-sector outlook. Our quality, high delivery reliability, customized solutions and innovations will continue to separate us from the competition, allowing us to further strengthen our market position."

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