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Nanogate achieves record sales and EBITDA figures - Dividend to increase by 10 %

NANOGATE AG / Key word(s): Final Results/Dividend

08.04.2014 14:26

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Nanogate achieves record sales and EBITDA figures - Dividend to increase by
10 %

Sales and operating result to grow significantly in 2014 - Dividend of EUR
0.11 per share proposed - Sales increase to EUR 53 million, EBITDA reaches
EUR 6.3 million, consolidated net income more than doubled, cash and cash
equivalents up by a third - New "N-ergy Plus" brand for energy-efficiency
solutions

Göttelborn, Germany, 8 April 2014. Nanogate AG (ISIN DE000A0JKHC9), a
leading international integrated systems provider for high-performance
surfaces, plans to significantly improve Group sales and the operating
result (consolidated EBITDA) in the current 2014 financial year, having
already achieved record figures in 2013. In view of the strong business
performance and the positive outlook, the Management Board and the
Supervisory Board will table a proposal at the shareholders' meeting to
increase the dividend by 10 % to EUR 0.11 per share. After the Group
achieved its medium-term sales goal of EUR 50 million earlier than
expected, Nanogate launched its new Phase5 growth programme in February. In
the medium term, the company intends to exceed the EUR 100 million sales
mark and to improve its profitability.

Ralf Zastrau, CEO of Nanogate AG, commented: "The positive course of
business in 2013, along with an outstanding close to the year, affirms the
Group's good strategic alignment. The company has achieved record figures
for sales, operating result and liquidity. Over the past few quarters,
Nanogate has received several major orders from renowned customers such as
Porsche and Volkswagen. Our strategic growth areas of advanced polymers and
advanced metals have established themselves as significant drivers of
growth. Our shareholders should once again benefit from the company's
strong financial position and its improved consolidated net income."

Sales up by almost 40 %
Buoyed by strong demand in all target markets, consolidated net income
increased by 38.7 % to EUR 53 million (previous year: EUR 38.2 million),
while the Group's overall performance improved to EUR 56.7 million
(previous year: EUR 39.4 million). A strong final quarter and the
first-time consolidation of Plastic-Design GmbH, as well as projects
already billed in 2013 instead of in 2014 as originally expected, also