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Nabaltec AG achieves an EBIT margin of 9.1% in 2023 despite weak economic demand and expects slight growth in 2024 - Seite 2

According to these preliminary results, Nabaltec AG's revenues were down 8.5% in 2023, slightly better than the German chemical industry as a whole, which was down 12% from the previous year, according to the German chemical industry association VCI. Nabaltec's performance was characterized above all by the fact that customer orders fluctuated greatly over the course of the year in line with the respective order situation. At the same time, the continued customer focus on low inventories was clearly noticeable, particularly in the fourth quarter. All in all, these circumstances led to a short-term and erratic order behavior on the part of customers that was difficult for the company to calculate. Even at the start of 2024, demand remains characterized by short-term decisions. However, Nabaltec expects demand to increase for the majority of its product ranges in the current financial year. Due to the economic and sector-specific environment, the company expects revenues for 2024 to be slightly above the previous year's level. On the earnings side, Nabaltec is expecting an EBIT margin in a range of 7% to 9%. The forecast is based on the assumption that the economy and the industries relevant to Nabaltec will develop in a stable manner.

Note: The 2023 Annual Report and the 2023 Annual Financial Statements for Nabaltec AG will be available for download as of 25 April 2024 at www.nabaltec.de/en/investor-relations/financial-reports.

 

About Nabaltec AG:

Nabaltec AG, with registered office in Schwandorf, a chemicals business which has received multiple awards for innovativeness, manufactures, develops and distributes highly specialized products based on aluminum hydroxide and aluminum oxide on an industrial scale through its two product segments, "Functional Fillers" and "Specialty Alumina." The company's product range includes eco-friendly flame retardant fillers and functional additives for the plastics industry. Flame retardant fillers are used e.g. in cables in tunnels, airports, high-rise buildings and electronic devices, while additives have applications in catalysis and in electric vehicles. Nabaltec also produces specialty oxides for use in technical ceramics, the refractory and polishing industries. Nabaltec maintains production sites in Germany and the US and plans to continue to develop its market position by expanding capacity, further optimizing processes and quality and making strategic extensions to its product range. On the strength of its specialty products, the company strives to attain the market leadership in each segment.