EQS-News

Nabaltec AG with a dividend proposal of EUR 0.28 per share and revenues of EUR 54.0 million in the first quarter of 2024 according to preliminary figures - Seite 2

“Despite the negative industry environment in the chemical industry, we managed to achieve an EBIT margin of 9.1%. We also had to accept a loss in revenues because the industry did not gain momentum across the board. Examples include the steel and construction industries or e-mobility. But the prospects for our products remain intact. In many cases we offer an environmentally friendly and high-quality alternative, for example in flame protection or thermal management for lithium-ion batteries. These drivers for the use of sustainable materials and the ever-increasing substitution of environmentally harmful substances remain unchanged or are even increasing. Especially against the background of the continued positive medium-term outlook, we have decided to let our shareholders participate in the company’s success with a dividend at the previous year’s level despite the dip in revenues and earnings in 2023,” reports Johannes Heckmann, CEO of Nabaltec AG.

In the “Functional Fillers” product segment, Nabaltec achieved revenues in the amount of EUR 142.3 million in 2023 after EUR 148.0 million in the previous year. This corresponds to a decrease of 3.9%. In the boehmite product range, which currently accounts for around 9% of consolidated revenues, revenues in 2023 amounted to EUR 17.3 million after EUR 19.0 million in the previous year. Revenues in the “Specialty Alumina” product segment amounted to EUR 57.8 million in 2023 after EUR 70.9 million in the previous year (-18.5%). The continuing weakness of the steel industry is leaving its mark here.

The start of 2024 was solid, but customer orders continue to be characterized by short-termism. According to preliminary figures, Nabaltec AG achieved consolidated revenues of EUR 54.0 million for the first three months of 2024 after EUR 57.0 million in the first quarter of the previous year (-5.3%). According to preliminary figures, revenues in the “Functional Fillers” product segment were EUR 38.7 million after EUR 40.1 million in the same quarter of the previous year. The “Specialty Oxides” product segment achieved revenues of EUR 15.4 million after EUR 17.0 million in the comparable quarter. According to preliminary figures, the company achieved operating profit (EBIT) of EUR 5.0 million in the first three months of 2024 (previous year: EUR 5.2 million). The EBIT margin (EBIT as a percentage of total performance) was 9.3% in the first quarter of 2024.