EQS-Ad-hoc: Nabaltec AG / Key word(s): Change in Forecast
Nabaltec lowers forecast for Financial Year 2023
04-Aug-2023 / 11:35 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Nabaltec lowers forecast for Financial Year2023
Schwandorf, 4August2023 – According to preliminary figures, Nabaltec AG's revenues in the second quarter of 2023 declined significantly by 12.2% to EUR 49.1 million compared to the same quarter of the previous year. The EBIT margin decreased from 14.8% to 6.7% in the same period.
A generally very weak demand as well as continued destocking by customers was evident across both product segments. Contrary to previous expectations, the company does not see a recovery in the third quarter of 2023 either.
Against this backdrop, Nabaltec AG is adjusting its forecast for the full year 2023 and now expects a year-on-year revenue decline in a range of 4% to 6%. Previously, revenue growth was forecast in the range of 3% to 5%. On the earnings side, the company expects an EBIT margin in a range of 6% to 8% for 2023 (previously: 8% to 10%).
Contact:
Johannes Heckmann
Nabaltec AG
Phone: +49 9431 53-202
Fax: +49 9431 53-260
E-mail: Heckmann.Johannes@nabaltec.de
End of Inside Information Information and Explanation of the Issuer to this announcement:
Information and explanations by the issuer of this notice:
Note: As planned, Nabaltec AG's half-yearly Financial Statements of 2023 will be available for download as of 24 August 2023 at https://nabaltec.de/en/investor-relations/financial-reports.
Contact Investor Relations:
Marina Fuchs
Frank Ostermair/Vera Müller
Nabaltec AG
Better Orange IR & HV AG
Phone: +49 9431 53-205
Phone: +49 89 8896906-14
Fax: +49 9431 53-260
Fax: +49 89 8896906-66
E-mail: InvestorRelations@nabaltec.de
E-mail: nabaltec@better-orange.de
04-Aug-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com
Nabaltec AG is a Germany-based company that develops, manufactures and distributes functional fillers for the plastics industry and raw materials for technical ceramics. The Company operates through two segments: Functional Fillers and Technical Ceramics. The Functional Fillers segment develops, produces and distributes halogen-free, flame retardant fillers on the basis of aluminum hydroxide und the APYRAL trade name, as well as on the basis of magnesium hydroxide, under the APYMAG brand. The Technical Ceramics segment produces calcined aluminum oxides and sintered mullites, as well as complete ceramic bodies. In addition to that, the Company also performs chemical and physical tests for inorganic raw materials and technical materials, mineral raw materials, mineral- or ceramic-bound construction materials and inorganic binding agents, plus the analysis of geological samples, filter dusts and fly ashes.