Preliminary Financial Figures for Business Year 2006
Schwandorf (euro adhoc) -
. 16% increase in revenue in 2006 . Nashtec successfully put into operation in USA . Expansion of Schwandorf production capacities
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1 February 2007: With approx. 16% further growth in revenue (8% in the previous year) to around Euro 71.5 million and an approx. 9% increase in sales, Nabaltec AG managed to successfully close out another financial year as at 31 December 2006.
Both divisions, Functional Fillers and Technical Ceramics, contributed to this revenue growth. In the Functional Fillers division, the market position managed to be successfully expanded with fine precipitated hydroxides as halogen-free, flame retardant fillers. In the Technical Ceramics division, the market position was sharply strengthened with reactive aluminas and ceramic bodies.
The new production facility for APYRAL® 40 CD was put into operation within the framework of the Nashtec joint venture in Corpus Christi, Texas(USA) at the end of November 2006. The quality of the products manufactured corresponds to that at the company's main site in Schwandorf, with sampling to obtain customer approvals proceeding positively as expected. Initial customer audits at Nashtec have confirmed the high standards, which allowed regular supply of key accounts to be initiated in January 2007. With Nashtec - an investment of USD 32 million - Nabaltec offers its customers as sole producer of ATH worldwide production sites in both consumption centers.
After an additional capacity expansion for fine precipitated hydroxide at the Schwandorf plant, Nabaltec managed to increase the production volume by approx. 50% to a current total of more than 80,000 t. The new production facility for ceramic bodies and reactive aluminas, which was placed into operation as planned in the first quarter of 2007, will steadily increase the capacities in these high-quality product areas in order to meet rising customer demand.
Growth can be expected again in 2007. The general meeting of Nabaltec AG shareholders is planned for mid-May 2007.
About Nabaltec AG With registered office in Schwandorf, Nabaltec AG
is an innovative chemicals business that has received multiple
awards. In its "Functional Fillers" and "Technical Ceramics"
divisions, the company manufactures, develops and distributes highly
specialized products based on aluminum hydroxide ("ATH") and aluminum
oxide, as well as other raw minerals in line with industrial
standards. The company's product range includes flame-retardant
fillers for the plastics industry used in cables, tunnels, airports,
high-rise buildings, and electronic devices, as well as base
materials for use in technical ceramics, flame retardants and
catalysts. With its technological expertise, process mastery and
extensive experience, Nabaltec is in a position to create
considerable added value for customers with highly specialized
products. In contrast to halogen-based, flame-retardant fillers, the
products of the Functional Fillers division contain no hazardous
substances and do not require separate disposal. Instead, the
company's flame-retardant fillers actually decrease the development
of fumes hazardous to human health and the environment. Exports
constitute approx. 65% of business.DISCLAIMER: To the extent this press release contains forecasts, expectations and other forward-looking statements, these statements represent assumptions and estimates of the management of Nabaltec AG. Although management assumes that these statements are based on reasonable and realistic assumptions, they are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from the forward-looking statements. Apart from further factors not expressly mentioned here, variation and changes may result from changes in the general national and international economic and business environment, the competitive situation, particularly the introduction of competing products, the lack of acceptance for new products or services, changes in business strategy, corporate acquisitions, restructurings and other corporate transactions, changes in national and international financial markets, exchange and interest rate fluctuations, and changes in national and international legislation and jurisprudence. Nabaltec AG and its management can therefore not guarantee that the forecasts, expectations or forward-looking statements will in fact prove to be true. Nabaltec AG neither plans nor undertakes to update the forward-looking statements in this press release. The content of this press release relates to men and women equally. For better readability, we have used only masculine forms (e.g. for employees).
Photos can be requested at the company. Please send an e-mail to InvestorRelations@nabaltec.de.
end of announcement euro adhoc 01.02.2007 19:27:33
Further inquiry note:
Nabaltec AG
Alustrasse 50 - 52
92421 Schwandorf
Germany
phone: +49 9431 53-202
fax: +49 9431 53-260
e-mail: InvestorRelations@nabaltec.de
website: www.nabaltec.de
Branche: Chemicals
ISIN: DE000A0KPPR7
WKN: A0KPPR
Börsen: Frankfurter Wertpapierbörse / free trade/entry standard