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Nanogate significantly exceeds forecast for 2015

NANOGATE AG / Key word(s): Preliminary Results

07.04.2016 11:06

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Nanogate significantly exceeds forecast for 2015

Preliminary figures for 2015: Sales increase by around 30 % to over EUR 90
million; operating result reaches over EUR 10 million; cash and cash
equivalents increase to over EUR 22 million - expansion strategy continues
in 2016

Göttelborn, Germany, 7 April 2016. Nanogate AG, a leading international
integrated systems provider for high-performance surfaces, has
significantly exceeded its forecast for 2015 in sales and operating result.
According to preliminary, not yet audited figures, the Group achieved an
increase in sales of around 30 % to over EUR 90 million, while the
operating result (EBITDA) improved even more strongly, climbing to over EUR
10 million. Consolidated EBIT increased to more than EUR 2.8 million. As at
the end of 2015, the Group held cash and cash equivalents of more than EUR
22 million.

Nanogate AG's CEO, Ralf Zastrau, commented: "Nanogate can again look back
on a record year. Sales and operating result increased significantly,
exceeding our expectations. Without the burden resulting from implementing
our growth programme, profitability would have increased even further.
Focusing on the two promising application fields of advanced metals and
advanced polymers is paying off and is driving our business forward
significantly. The Group will continue to expand this year, meaning that
significant funds will again be channelled into expanding the technology
portfolio and into opening up new international markets. The most important
projects include the launch of the new technology platform for
multifunctional metallisation of surfaces. Along with other new projects
and even stronger international positioning, we will achieve the objective
of our ongoing Phase5 strategy programme, exceeding sales of EUR 100
million and increasing profitability over the medium term."

Profitable growth course of 2015 again continued
According to preliminary, not yet audited figures, Nanogate increased sales
in the 2015 financial year by about 30 % to over EUR 90 million (previous
year: EUR 68.6 million). Overall performance exceeded EUR 94 million
(previous year: EUR 71.1 million). In the expansion of its volume of
business, the Group benefited from strong demand for systems in its