Nabaltec AG annuounced the revenues in Q1 2017 recorded a new high

2017-04-28

Apr. 28, 2017 - German refractories producer Nabaltec AG announced financial report in 2016 and confirmed its preliminary data in the first quarter of 2017, seeing strong growth of revenue once again, increasing by 5.2% year-on-year, to€159.2 million in 2016 compared to€151.3 million in, driven by higher sales in both the functional fillers and technical ceramics.

Despite the extraordinary situation in the US with the insolvency of its raw materials supplier and the associated production freeze at its US subsidiary Nashtec LLC, as well as increased transfers to pension reserves, Nabaltec was able to post entirely satisfactory operating profit with an EBIT of€12.2 million, compared to€14.5 million the year before. Results in all four quarters contributed to the strong revenue performance, as revenues in each quarter were up from the year before.

The revenues in the first quarter of 2017 were€43.6 million, reaching a new record high, with a growth of 18.2% compared to last quarter and a growth of 5.8% compared to the same quarter of 2016.

Assuming continued stability in economic and sector performance, Nabaltec expects revenue growth in the low single digits in 2017 and an EBIT margin in the high single digits.