DGAP-Adhoc: Nabaltec AG: According to preliminary data, revenues and earnings in the second quarter 2020 burdened by Covid-19 pandemic and special effects

2020. július 21., kedd, 11:54





DGAP-Ad-hoc: Nabaltec AG / Key word(s): Quarter Results


Nabaltec AG: According to preliminary data, revenues and earnings in the second quarter 2020 burdened by Covid-19 pandemic and special effects


21-Jul-2020 / 11:54 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.




Nabaltec AG: According to preliminary data, revenues and earnings in the second quarter 2020 burdened by Covid-19 pandemic and special effects



Schwandorf, 21 July 2020 - According to preliminary data, Nabaltec AG expects to post slightly negative consolidated operating profit (EBIT) in the second quarter of 2020. Revenues amounted to EUR 36.4 million, compared to EUR 49.0 million in the same period of last year based on preliminary data. Consolidated operating profit in the second quarter of 2020 came to EUR -0.4 million (same period of last year: EUR 6.6 million).



The main reasons for this significant decline in sales and earnings in the second quarter of 2020 are the effects of the Covid-19 pandemic and the associated significant drop in sales volume since April 2020. In addition, special effects in the amount of EUR 2.1 million in connection with the devaluation of inventories in the USA as well as extraordinary depreciation of plant components no longer required due to the closure of the Mullit production plant at the Schwandorf site also had a negative impact on consolidated earnings.



Revenues in the boehmite product range continue to develop positively within the growth market of electric mobility. In the second quarter of 2020, sales in this product range increased by around 50% compared with the same quarter of the previous year.



According to preliminary figures, consolidated revenues will amount to EUR 81.8 million in the first half of 2020, compared to EUR 97.4 million in the same period of the previous year. Consolidated operating result (EBIT) will amount to EUR 2.1 million in the first six months of 2020 after EUR 12.4 million in the same period of last year.



Nabaltec expects business performance to remain volatile. With respect to revenue development, no easing of the situation is yet to be expected in the third quarter of 2020.




Contact:








Johannes Heckmann
Nabaltec AG
Phone: +49 9431 53-201
Fax: +49 9431 53-260
E-mail: jheckmann@nabaltec.de










   
   
   
   
   



Information and Explanation of the Issuer to this News:

Information and explanations by the issuer for this notice:

Note: Nabaltec AG"s quarterly report for the second quarter of 2020 will be available for download as planned from the Investor Relations section of www.nabaltec.de as of 27 August 2020.



Contact Investor Relations:













Heidi Wiendl-Schneller Frank Ostermair/Vera Müller
Nabaltec AG Better Orange IR & HV AG
Phone: +49 9431 53-202 Phone: +49 89 8896906-14
Fax: +49 9431 53-260 Fax: +49 89 8896906-66
E-mail: InvestorRelations@nabaltec.de E-mail: nabaltec@better-orange.de


21-Jul-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Nabaltec AG

Alustraße 50-52

92421 Schwandorf

Germany
Phone: +49 9431 53-0
Fax: +49 9431 53-260
E-mail: info@nabaltec.de
Internet: www.nabaltec.de
ISIN: DE000A0KPPR7, DE000A1EWL99
WKN: A0KPPR, A1EWL9
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1098223





 
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1098223  21-Jul-2020 CET/CEST







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