DGAP-News

ItN Nanovation AG increased its total output in the first half of 2014 and plans for the further growth

DGAP-News: ItN Nanovation AG / Key word(s): Half Year Results
ItN Nanovation AG increased its total output in the first half of 2014
and plans for the further growth

29.08.2014 / 19:26

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-Total output increased by 31.3 per cent to 1.7 Mio. Euro
-Export turnover increased by 140 per cent
-Gross profit increased by 72.4 per cent to 1.0 Mio. Euro
-Big order not considered in the figures after the reporting period
-Increase of production possibilities started

Saarbrücken - 29 August, 2014. ItN Nanovation AG (ISIN DE000A0JL461) has
provided a basis for the further growth in the first half of 2014 and
increased the turnover, the total output and the gross profit
significantly. Thereby the figures of the reporting period were affected by
the normal realization of the orders while in the previous year several
special effects were the determined factor. The turnover increased by 33.7
per cent from 1.2 Mio. Euro to 1.6 Mio. Euro. With 88 per cent the turnover
is mainly generated abroad - with the main focus in Saudi Arabia. The
export turnover increased by 140 per cent in comparison to the period of
the previous year. The big order from the Veolia group, announced in August
2014, is not contained naturally in the figures of the semi-annual report
2014. ItN's gross profit increased significantly in the first half of 2014
by 72.4 per cent from almost 0.6 Mio. Euro to around 1.0 Mio. Euro. The
gross profit marge improved from 46.9 per cent to 65.8 per cent.

Furthermore ItN has made significant progress in reference to the
development of the technology basis in the first half year of 2014. By the
new process for radium removal ItN is able to offer an advantageously
alternative in comparison to other very expensive existing solutions. In
addition to that ItN has begun to take measures for the expansion of the
manufacturing capacities in order to be able to fulfil the requirements for
the prompt realization of the concrete and expected big orders. This were
the relevant factors for the increase of the other operating expenses from
1.3 Mio. Euro to 2.2 Mio. Euro. The consolidated result amounted to -3,1
Mio. Euro while in the previous year the result of -2,5 Mio. Euro was
reported.

Based on earnings in the first half of the year 2014 the management board
can look to the future with great optimism. ItN still expects a negative
EBITDA within the lower or midrange Mio-EUR-level in 2014. The forecast of
the cumulative turnover with the amount of around 15 to 20 Mio. Euro for
2014 and 2014 is still valid.

ItN Nanovation AG

The Management Board

Contact:
ItN Nanovation AG
Untertuerkheimer Str. 25
66117 Saarbruecken
Tel.: [phone]
Fax: [phone]
Email: [e-mail]
www.itn-nanovation.com


IR Contact:

edicto GmbH
Axel Muehlhaus
Eschersheimer Landstraße 42
60322 Frankfurt am Main
Tel.: [phone]
Fax: [phone]
Email: [e-mail]



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29.08.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.

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Language: English
Company: ItN Nanovation AG
Untertürkheimer Straße 25
66117 Saarbrücken
Germany
Phone: +49 (0) 681 / 50 01 - 460
Fax: +49 (0) 681 / 50 01 - 499
E-mail: [e-mail]
Internet: www.itn-nanovation.com
ISIN: DE000A0JL461
WKN: A0JL46
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Düsseldorf, München


End of News DGAP News-Service
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284837 29.08.2014