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Nanogate achieves a jump in sales of over 50 % in the first half of 2015

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

26.08.2015 10:59

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Nanogate achieves a jump in sales of over 50 % in the first half of 2015

Sales rise to over EUR 42 million (according to preliminary figures) -
Operating result improves to over EUR 4.7 million - Liquidity exceeds EUR
23 million mark - Forecast for whole of 2015 confirmed

Göttelborn, Germany, 26 August 2015. Nanogate AG, a leading international
integrated systems provider for high-performance surfaces, continued its
dynamic growth course in the first half of 2015 with a strong rise in sales
and earnings. According to interim figures sales rose by more than 50 % to
over EUR 42 million. Operating result (consolidated EBITDA) rose by more
than a third to over EUR 4.7 million. Mid-way through the half-year, the
Group held cash and cash equivalents of more than EUR 23 million. Based on
the good development and despite the altered economic environment, the
Group confirmed its forecast for the whole of 2015, according to which
there will likely be an increase in sales to significantly more than EUR 80
million and a significant improvement in operating result.

Ralf Zastrau, CEO of Nanogate AG, commented: "Nanogate is continuing on its
dynamic course. In operational and strategic terms we have made important
progress. With new solutions and additional technologies, we are driving
forward the opening up of international markets. By means of the
considerable expenditure and investments the Group is creating the
conditions necessary to exceed the EUR 100 million sales mark over the
medium term and to increase profitability. Our Phase5 strategy programme is
proving a good navigator: the current development demonstrates the Group's
good orientation to new applications and markets. Nanogate is holding its
course."

Cash and cash equivalents of more than EUR 23 million
In the first half-year the whole Nanogate Group profited from strong demand
across all target industries. Even taking into account the effects of
consolidation arising from the acquisition of surface specialist Vogler in
July 2014, sales consequently rose by over 50 % to more than EUR 42 million
(previous year: EUR 27.2 million). Despite the costs associated with
growth, operating result (consolidated EBITDA) improved by more than a