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Nabaltec AG publishes report for the first quarter of 2024: earnings nearly on par with last year, with a slight decline in revenues

EQS-News: Nabaltec AG / Key word(s): Quarter Results Nabaltec AG publishes report for the first quarter of 2024: earnings nearly on par with last year, with a slight decline in revenues 23.05.2024 / 10:00 CET/CEST The issuer is solely responsible for the content of this announcement. Nabaltec AG publishes report for the first quarter of 2024: earnings nearly on par with last year, with a slight decline in revenues

• Consolidated revenues in the first three months of 2024 at EUR 54.0 million (-5.3% compared to the same quarter of the previous year)
• EBIT of EUR 5.0 million in the first three months of 2024 (Q1/2023: EUR 5.2 million); EBIT margin 9.3%.
• Forecast for 2024 confirmed: revenues slightly above the previous year's level; EBIT margin in a range of 7% to 9%

Schwandorf, 23 May 2024 – Nabaltec AG published its report for the first quarter of 2024 today, confirming the preliminary figures for the first three months. The company earned revenues of EUR 54.0 million in total compared to EUR 57.0 million in the same quarter from the previous year (-5.3%). Nabaltec's operating profit (EBIT) amounted to EUR 5.0 million (same quarter of previous year: EUR 5.2 million), which corresponds to an EBIT margin (EBIT as a percentage of total performance) of 9.3%.

"With an EBIT margin at the previous year's level, we were once again able to demonstrate the high quality of our earnings - despite the slight reduction in revenues compared to the previous year. With the quarterly revenues we have achieved, we are currently on track to reach our annual target," reported Johannes Heckmann, CEO of Nabaltec AG.

In both product segments, revenues in the first quarter of 2024 were down from the same quarter of the previous year due to the economic situation. In the "Functional Fillers" product segment, revenue of EUR 38.7 million was attained in the first three months of 2024, compared to EUR 40.1 million in the same period previous year, corresponding to a reduction of 3.5%. Sales volumes in the boehmite product range continue to stagnate, as there is still no impetus from industry, particularly in Europe. Nabaltec had revenue of EUR 15.4 million in the "Specialty Alumina" product segment in the first quarter of 2024, compared to EUR 17.0 million in the corresponding period from the previous year. The continuing weakness of the steel industry led to this significant reduction of 9.4% compared to the same quarter of the previous year.