Advertisements


Advertisements

Home » News » Global News » Nabaltec AG Confirms Preliminary Results for Q3 2021 with Increased Revenue Forecast for the Year as a Whole

Nabaltec AG Confirms Preliminary Results for Q3 2021 with Increased Revenue Forecast for the Year as a Whole

In its 3/2021 quarterly report, Nabaltec AG/DE confirms the preliminary figures with consolidated revenue of EUR 140,6 million in the first nine months of 2021, corresponding to a gain of 18,3 % compared to the same period from the previous year (EUR 118,9 million). Quarterly revenue for the third quarter was EUR 46,7 million, up 25,9 % from the same period last year (EUR 37,1 million), when Nabaltec was hit hard by the effects of the pandemic. The operating profit (EBIT) in the first nine months of 2021 was EUR 17,0 million, compared to EUR 5,0 million in the same period of last year. The EBIT margin (EBIT as a percentage of total performance) was 12,3%. EBITDA was EUR 26,5 million in the first nine months of 2021, compared to EUR 16,4 million in the same period from the previous year (+61,6 %).

In the Functional Fillers product segment, Nabaltec earned quarterly revenue of EUR 32,1 million, compared to EUR 27,3 million in the same period from the previous year (+17,6 %). In the first nine months of 2021, this product segment generated total revenue of EUR 97,7 million, compared to EUR 85,1 million in the same period from the previous year (+14,8 %). In the boehmite product range, revenue in the first nine months rose to EUR 17,3 million, an increase of 57,3 % compared with the same period of the previous year (EUR 11,0 million). In the Specialty Alumina product segment, the company earned revenue of EUR 14,5 million in Q3 corresponding to growth of 48,0 % (prior-year quarter: EUR 9,8 million). In the first nine months of 2021, this product segment generated total revenue of EUR 42,9 million, compared to EUR 33,8 million in the same period from the previous year (+26,9 %).

At the end of October, Nabaltec again raised its revenue forecast for financial year 2021, which had been raised in July, and now expects revenue growth in a range of 13–15 %. Previously, Nabaltec expected revenue growth in a range of 11–14 %. On the earnings side, Nabaltec has concretized the EBIT margin in the range of 11–12 %. Previously, the expectation was for an EBIT margin of 10–12 %. The new forecast is based on the assumption that the economic conditions relevant for Nabaltec will not significantly deteriorate in the fourth quarter of 2021.


Related Supplier

No items found

To be seen in

No items found