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Nanogate generates sales increase - Operating result improves disproportionately - Order base increased

NANOGATE AG / Key word(s): Half Year Results

24.09.2014 07:29

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Nanogate generates sales increase - Operating result improves
disproportionately - Order base increased

Sales in the first half-year rise 12.4 % to EUR 27.2 million, EBITDA
increases disproportionately by 16.6 % to EUR 3.5 million - Outlook for
2014: Sales expected to significantly exceed EUR 60 million; rise in EBITDA
to around EUR 7 million expected - Integration of new equity holding Vogler
GmbH - Technology and sales offensive started for metal applications

Göttelborn, Germany, 24 September 2014. Nanogate AG (ISIN DE000A0JKHC9), a
leading international integrated systems provider for high-performance
surfaces, achieved a greater increase in its operating result (EBITDA) in
the first half of 2014 than in sales, and thereby pressed ahead on its
course of growth. Consolidated EBITDA increased disproportionately by 16.6
% to EUR 3.5 million, while the consolidated sales volume rose by 12.4 % to
a record EUR 27.2 million. For the year as a whole, Nanogate also expects
dynamic business development and a further expansion of its market
position: the company forecasts sales to increase to significantly more
than EUR 60 million, while the operating result (EBITDA) is expected to
reach around EUR 7 million. The new subsidiary, Vogler GmbH, will make its
first contribution to the success in the second half of the year.

Ralf Zastrau, CEO of Nanogate AG, commented: "Nanogate has made an
exceptionally strong start to the 2014 financial year. The Group generated
an increase in sales and improved the operating result (EBITDA)
disproportionately, so that we again achieved record figures. This has
given us a lot of momentum, and there is a persistently high level of
interest in our systems for high-performance surfaces, which gives us a lot
of confidence for the year as a whole. Our internal expectations have been
exceeded at both the operating and strategic levels. The Group has set out
on an important strategic course this year, which primarily includes the
launch of the new Phase5 growth programme and the acquisition of surface
specialist Vogler. Nanogate has so far shown outstanding business
development."

Strong organic growth in the first half of the year
In the first half-year, Nanogate recorded strong demand across the Group