DGAP-Adhoc: Nanogate SE Significantly Exceeds the Sales and Earnings Forecast for 2017 and Achieves New Records

2018. március 06., kedd, 10:02





DGAP-Ad-hoc: NANOGATE SE / Key word(s): Preliminary Results


Nanogate SE Significantly Exceeds the Sales and Earnings Forecast for 2017 and Achieves New Records


06-March-2018 / 10:02 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




Göttelborn, Germany, March 6, 2018. Nanogate SE, a leading global specialist in design-oriented high-tech surfaces and components, significantly exceeds the forecast for the 2017 fiscal year, according to as yet preliminary, unaudited figures.



The Group increased sales in 2017 by more than 60 percent to at least EUR 185 million (2016: 112.5). Sustained strong demand and the new majority-owned U.S. subsidiary Nanogate Jay Systems contributed to this. The operating result (EBITDA) increased to more than EUR 21 million (previous year: 12.4), despite transaction and integration costs for acquisitions. Depreciation and finance costs rose in view of the course of expansion as expected. As of the reporting date, Nanogate had cash and cash equivalents of approximately EUR 20 million (previous year: 22.6).



As announced in January, the Group expects a sales increase to more than EUR 220 million for 2018, while the operating result (EBITDA) should increase to more than EUR 24 million despite seven-figure transaction and integration costs. At the same time, Nanogate will proceed with its Phase5 growth strategy. Because of this, increased depreciation and finance costs will affect the consolidated net income. This reflects ongoing growth related to the expansion of capacities as well as the broadening of the technology portfolio through the innovation program.



 






Information and Explanation of the Issuer to this News:

NB:

Further information can be found in the press release also published today.



Nanogate will publish its annual report 2017 in April 2018.




Contact:

Christian Dose

Financial Press and Investors

WMP Finanzkommunikation GmbH



Tel. +49 69 57 70 300 21



nanogate@wmp-ag.de



 



Juliane Wernet



Nanogate SE



Zum Schacht 3



66287 Göttelborn | Germany



Tel. +49 6825 9591 223



juliane.wernet@nanogate.com



 



 



www.nanogate.com



twitter.com/nanogate_se



 



Nanogate SE



Nanogate (ISIN DE000A0JKHC9) is a leading global specialist for design-oriented high-tech surfaces and components of very high optical quality. The Group employs around 1,200 people. Nanogate develops and produces design-oriented surfaces and components and enhances them with additional properties (e.g. nonstick, scratchproof, anticorrosive).



The Group has first-class references (e.g. Airbus, Audi, August Brötje, BMW, BSH Hausgeräte, Daimler, FILA, Ford, Fresenius, GM, Jaguar, Junghans, Porsche and Volkswagen). Several hundred mass production projects for customers have already been implemented successfully. The Nanogate Group is represented on both sides of the Atlantic with its own production facilities.



True to its slogan "A world of new surfaces," Nanogate is a long-standing innovation partner who opens up the diverse possibilities offered by new materials to companies in a wide range of industries. It aims to improve customers" products and processes and to provide environmental benefits by using multifunctional surfaces, such as those made of plastic or metal, and innovative plastic components. The Group concentrates on attractive sectors such as automotive/transport, mechanical/plant engineering, buildings/interiors and sport/leisure. As a systems provider, Nanogate offers the entire value chain materials development for surface systems, series coating of various different substrates as well as the production and enhancement of complete plastic components. The main value drivers are the opening up of international markets, the development of new applications for the strategic growth areas Advanced Polymers (innovative plastics) and Advanced Metals (innovative metal enhancements) as well as external growth.



Disclaimer



This publication constitutes neither an offer to sell nor an invitation to buy securities. The shares in Nanogate SE (the "Shares") may not be offered or sold in the United States or to or for the account or benefit of "U.S. persons" (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act")). No offer or sale of transferable securities is being made to the public.








06-March-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

























Language: English
Company: NANOGATE SE

Zum Schacht 3

66287 Göttelborn

Germany
Phone: +49 (0)6825/95 91 0
Fax: +49 (0)6825/95 91 852
E-mail: nanogate@wmp-ag.de
Internet: www.nanogate.de
ISIN: DE000A0JKHC9
WKN: A0JKHC
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Munich, Stuttgart, Tradegate Exchange





 
End of Announcement DGAP News Service




660763  06-March-2018 CET/CEST







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