Record H117 performance; guidance raised
Nabaltec achieved strong earnings growth in H117, despite the drag on revenue growth and margins caused by the temporary shutdown of the US production facility, Nashtec, in August 2016 when its main supplier (and JV partner) went into administration. Management secured the outstanding stake in Nashtec in March 2017, enabling it to move forward with plans to re-open an enlarged facility in Q118. This will enable Nabaltec to benefit from growth in demand in Europe driven by tightening safety regulations.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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