Nabaltec - Still profitable despite difficult environment
The COVID-19 pandemic had an adverse impact on demand for most of Nabaltec’s products during Q220, with the European steel and automotive industries particularly badly affected. Management has taken steps to reduce costs, so, if write-downs totalling €2.1m are excluded, the group generated €1.7m EBIT during Q220.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.
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