Record-high revenues in the first quarter of 2018: up 3.7% to EUR 45.2 million
EBIT at EUR 4.3 million after the first three months, up from EUR 4.0 million in the same period of last year
EBIT margin of 10.0% (EBIT as a percentage of total performance)
May 24, 2018 - Nabaltec AG published its quarterly report for the first quarter of 2018 today and confirmed its preliminary data. The company set a new record with revenues of EUR 45.2 million in the first quarter of 2018, up 3.7% from the same period of last year. Operating profit (EBIT) was EUR 4.3 million in the reporting period with an EBIT margin (EBIT as a percentage of total performance) of 10.0%. EBITDA came to EUR 7.3 million in the first quarter, up from EUR 6.8 million in the year before (for a gain of 7.4%).
"We consider the first quarter of 2018 to be a success both for the industry and for us: the market drivers are intact, the messages we are getting from customers indicate a positive future development and our financial data speaks for itself," said Johannes Heckmann, CEO of Nabaltec AG.
Revenues in the "Functional Fillers" product segment were EUR 29.3 million, up from EUR 29.0 million in the same period of last year (for a gain of 1.0%). Revenues in the "Specialty Alumina" product segment were up 8.9%, as revenues climbed to EUR 15.9 million from EUR 14.6 million last year.
"Although 2018 is off to a good start, we consider it a year of transition, as the resumption of production in our US subsidiary Nashtec will drag down our margin, especially in the start-up phase, i.e. in the second and third quarters of 2018," reported Günther Spitzer, the CFO of Nabaltec AG.
Nabaltec AG confirmed its forecast for 2018 as a whole and expects revenue growth in the mid-single digits and an EBIT margin in the high single digits. The start-up phase for the US subsidiary Nashtec is expected to weigh down earnings in 2018, which will be a year of transition.