DGAP-News

Nanogate improves profitability significantly

DGAP-News: NANOGATE AG / Key word(s): Half Year Results
Nanogate improves profitability significantly

28.09.2016 / 07:26
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Nanogate improves profitability significantly

Sales grow by around 20 % in the first half-year - Consolidated EBITDA
rises to EUR 5.9 million - Consolidated EBIT increases significantly by
almost 40 % - Consolidated net income improves from EUR 0.3 million to EUR
1.2 million - Cash flow from operating activities climbs by 30 % - US
business increasingly significant - Forecast for the year confirmed

Göttelborn, Germany, 28 September 2016. Nanogate AG, a leading
international integrated systems provider for high-performance surfaces,
can look back on a strong performance in the first half of 2016, with sales
having increased by around 20 % to EUR 52.2 million and the operating
result (EBITDA) from EUR 4.9 million to EUR 5.9 million. Consolidated EBIT
increased significantly by almost 40 % to EUR 2.3 million. Consolidated net
income also rose considerably from EUR 0.3 million to EUR 1.2 million.
Nanogate continues to expect a dynamic development of business for the year
as a whole and confirms its forecast.

Nanogate AG's CEO, Ralf Zastrau, commented: "Nanogate again expanded its
market position in the first half-year, making significant progress
internationally. A particularly positive development was that in addition
to strong growth in sales and the operating result (EBITDA), consolidated
EBIT and consolidated net income improved especially well. Nanogate's
products give it a global presence. Having already gained a strong position
in Europe, we are now also making good progress in important and high-
volume markets beyond our home continent. Over the current year, the Group
has been growing primarily in the US, where it has achieved significant
growth. Demand is also strong in Asia, where we have been active now for
three years. Following the very good first half-year and thanks to the
strong order base, we remain very optimistic about the course of business
and therefore confirm our forecast."

Consolidated net income rises particularly strongly
Nanogate increased its Group sales in the first half-year by around 20 % to
EUR 52.2 million (previous year: EUR 43.3 million), thereby reaching a
record high. Both the strong demand in all target markets, particularly in
the strategic growth areas of advanced metals and advanced polymers, as