Report
Toby Thorrington

Nabaltec - Increasing profitability and margins

Nabaltec recorded 2.2% y-o-y growth in its H124 revenue (€108.4m). The company’s strong performance in its functional filler segment was the key driver of group revenue, up by 5.4% y-o-y (€78.2m). Its boehmite revenue rose by 20% y-o-y in Q224 due to a one-off contract. However, speciality alumina was down 5.3% y-o-y in H124. Group EBIT grew significantly, up 28.2% y-o-y to €10.9m, compared to €8.5m in H123. EBIT margin increased to 9.9% (H123: 8.1%), which is in line with Nabaltec’s long-term target. Both EPS and operating cash flow were up, by 34.9% and 67.4% y-o-y, respectively.
Underlying
Nabaltec AG

Nabaltec is a chemical company that is engaged in the manufacture of halogen-free, flame retardant fillers and environmentally friendly additives for the plastics industry as well as ceramic raw materials for the refractory industry and technical ceramics.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts
Toby Thorrington

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