Advertisements



Home » News » Global News » Nabaltec Started off 2020 with a Modest 1st Quarter

Nabaltec Started off 2020 with a Modest 1st Quarter

Nabaltec AG published its quarterly report for the 1st quarter of 2020 and confirmed the preliminary data. The company earned EUR 45,4 million in revenues in the 1st quarter of 2020, compared to EUR 48,5 million in the same period of last year. Operating profit (EBIT) amounted to EUR 2,5 million in the first three months of the year, compared to EUR 5,8 million in the 1st quarter of 2019, for an EBIT margin of 5,9 %.

Johannes Heckmann, CEO of Nabaltec AG, stated: “Results in the 1st quarter of 2020 lagged behind our expectations relative to the same quarter of last year, but we did very well in terms of revenues in light of the fact that the environment has become significantly more challenging and complex. We are currently seeing a certain amount of price pressure on the sales side, and orders from our customers have been significantly more volatile and short-term in nature. In addition, the Covid-19 pandemic began to have a noticeable impact on our business in the first quarter, particularly in Asia and, since March, in Southern Europe as well.”

Revenues in the functional fillers product segment amounted to EUR 31,7 million, compared to EUR 32,5 million in the same quarter of last year. Revenues in the specialty alumina product segment came to EUR 13,7 million, compared to EUR 15,9 million in the same period of last year. The boehmite product range continues to perform well, with e-mobility as the key driver, posting growth of more than 40 % over the first quarter of last year. This strong growth is all the more remarkable considering the fact that sales were generated almost entirely in Asia, and that sales per­form­ance was very difficult to predict following the shutdown in China and other key Asian countries over the course of the first quarter. The mid- and long-term outlook for e-mobility, and by extension for lithium-ion batteries, is still excellent. Furthermore, Nabaltec once again received the Axia Best Managed Companies Award.


Related Supplier

No items found