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Nabaltec AG starts off 2022 with additional revenue and earnings growth, posting new record highs in the first quarter

DGAP-News: Nabaltec AG / Key word(s): Quarter Results Nabaltec AG starts off 2022 with additional revenue and earnings growth, posting new record highs in the first quarter 31.05.2022 / 10:30 The issuer is solely responsible for the content of this announcement. Nabaltec AG starts off 2022 with additional revenue and earnings growth, posting new record highs in the first quarter

• Revenues of EUR 54.8 million in the first quarter of 2022 (Q1/2021: EUR 46.0 million)
• EBIT of EUR 7.1 million in the first three months of 2022 (Q1/2021: EUR 3.9 million)
• EBIT margin (EBIT as a percentage of total performance) of 12.9%, up from 8.9% in the same quarter of last year
• 2022 forecast: revenue growth and EBIT margin each expected to range from 10% to 12%

Schwandorf, 31 May 2022 – Nabaltec AG published its interim report for the first quarter of 2022 today, in which it confirmed its preliminary data for the first three months of the year, according to which the company earned EUR 54.8 million in revenues in the first three months of the year, up 19.1% from the same quarter of last year, when revenues were EUR 46.0 million. Operating profit (EBIT) was EUR 7.1 million in the first quarter, up from EUR 3.9 million in the same period of 2021. The EBIT margin (EBIT as a percentage of total performance) climbed from 8.9% in the first three months of last year to 12.9% in the reporting period.

"Our performance in the first quarter of 2022 was very stable," reported Johannes Heckmann, Nabaltec AG's CEO. "Price increases were a key driver of revenue growth in the first three months of the year. Despite the difficulty of the current environment, we are continuing to see steady demand for our products."

The "Functional Fillers" product segment generated EUR 36.9 million in revenues in the first quarter of 2022, up 14.2% from the same quarter of last year (EUR 32.3 million), as sales volumes were even with the same period of last year in nearly all product ranges. Sales in the boehmite product range followed a different trend in the first quarter of 2022, as demand for boehmite was down by around one third in the first quarter from the same quarter of last year due to continuing supply chain problems in the automotive sector. Revenues in the "Specialty Alumina" product segment came to EUR 17.9 million in the first quarter of 2022, compared to EUR 13.7 million in the same period of last year (up 30.7%). Price increases were a key driver of revenue growth, in addition to sales growth.