Nabaltec AG's revenues and earnings increase in the first nine months of 2015

Nabaltec AG, the leading supplier of specialized raw materials for technical ceramics, posted EUR 115.4 million in revenues in the first nine months of 2015, up 5.3% from the year before, and reported a strong gain in operating profit (EBIT) as well, which was up 12.5% to EUR 11.7 million. In general, the company was able to maintain its strong revenue growth in the third quarter, exceeding the comparison value from the year before.

The company's product portfolio features industrial compounds such as aluminium oxide, aluminium hydroxide, and ceramic bodies among others, which are used as raw materials in various sectors.

Consolidated revenues were up 3.0% in the third quarter of 2015, from EUR 36.5 million in the same quarter of last year to EUR 37.6 million. Typical seasonality had an impact, causing revenues to fall by 3.6% relative to the second quarter of 2015, when revenues were EUR 39.0 million.

According to Gerhard Witzany, Member of the Board of Nabaltec AG: "We can be satisfied with these results, which are further demonstration of our stable performance and strong growth. The general market situation was stable: the pace of growth in the business division ‘Functional Fillers’ was slowed somewhat because results in August fell short of expectations, but the business division ‘Technical Ceramics’ posted disproportionately high revenue growth. And we continue to see potential in all of our target markets for the future."

Revenues in the business division "Functional Fillers" amounted to EUR 24.8 million in the third quarter of 2015, in line with the result for the same quarter of last year, EUR 24.9 million. Revenue growth in the business division "Technical Ceramics" was in line with estimates and increased again.

Consolidated EBIT amounted to EUR 11.7 million in the reporting period, compared to EUR 10.4 million in the first nine months of 2014. Earnings per share were up by 13.6%, from EUR 0.59 in the first nine months of 2014 to EUR 0.67 in the reporting period.

Cash flow from operating activities increased to EUR 22.1 million in the first nine months of 2015, from EUR 19.2 million in the same period of last year. In addition to strong earnings growth, a reduction in inventories and a significantly lower increase in trade receivables and other assets compared to the same period of last year contributed to this development.

According to Johannes Heckmann, Member of the Board of Nabaltec AG: "In key performance indicators such as consolidated earnings or operating cash flow, our results in the first nine months of this year have already equaled or exceeded the values posted over a 12-month period in 2014. But we will not rest on our laurels and will continue to maintain the pace of innovation and investments in order to build up our market position and extend our advantage even more."

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