Nabaltec AG confirms preliminary results for the first half of 2021 and matches record highs from 2019

• Consolidated revenue of EUR 93.9 million in the first half, compared to EUR 81.8 million in the same period of last year (up 14.8%)
• EBIT of EUR 10.5 million in the first six months of the year, compared to EUR 2.1 million in the previous year
• EBIT margin (EBIT as a percentage of total performance) of 11.3% in the first half of 2021
• 2021 forecast raised at the end of July: revenue growth in a range of 11% to 14% (previously: 6% to 9%); EBIT margin of 10% to 12% (previously: 8% to 10%)
   

Schwandorf, 26 August 2021 - Nabaltec AG published its final data for the second quarter of 2021 today as part of its quarterly report, in which it confirmed the preliminary results. The company posted EUR 93.9 million in revenue in the first half of the year (same period of last year: EUR 81.8 million) and EBIT of EUR 10.5 million, up from EUR 2.1 million in the same period of last year. Its EBIT margin (EBIT as a percentage of total performance) was 11.3% in the first half of 2021, compared to 2.7% in the same period of last year. EBIT came to EUR 6.6 million in the second quarter (same period of last year: EUR -0.4 million) and second-quarter revenue was EUR 47.9 million, up from EUR 36.4 million in the same period of last year.

"The market recovery in 2021 has so far been more dynamic than expected and by the end of the second quarter, we were nearly able to match our record highs from 2019," said Johannes Heckmann, the CEO of Nabaltec AG. "We are very satisfied with our performance for the year, taking into account the fact that first-quarter results were weighed down by a negative non-recurring effect. Given that markets have been somewhat more stable recently, and due to the excellent outlook, we raised our forecast at the end of July: we now believe that it is realistic to expect an EBIT margin in a range of 10% to 12% and revenue growth in a range of 11% to 14%."

Nabaltec's earnings in 2021 were weighed down by a negative non-recurring effect of EUR 1.3 million in the first quarter, which is attributable to the temporary and exorbitant increase in energy prices due to the extraordinary winter storm in Texas, USA, in mid-February 2021.

In the "Functional Fillers" product segment, Nabaltec posted revenue of EUR 33.3 million in the second quarter of 2021, up from EUR 26.1 million in the previous year. Revenue in this product segment amounted to a total of EUR 65.6 million in the first six months of 2021, compared to EUR 57.8 million in the same period last year (up 13.5%). Revenue in the "Specialty Alumina" product segment amounted to EUR 14.6 million in the second quarter of 2021, up from EUR 10.3 million in the same quarter of last year. Revenue in this product segment came to a total of EUR 28.4 million in the first half of the year, compared to EUR 24.0 million in the same period of 2020 (up 18.3%).

Note: Nabaltec AG's quarterly report for the second quarter of 2021 will be available for download as of 26 August 2021 in the Investor Relations section of www.nabaltec.de/en.

About Nabaltec AG:
Nabaltec AG, with registered office in Schwandorf, a chemicals business which has received multiple awards for innovativeness, manufactures, develops and distributes highly specialized products based on aluminum hydroxide and aluminum oxide on an industrial scale through its two product segments, "Functional Fillers" and "Specialty Alumina." The company's product range includes eco-friendly flame retardant fillers and functional additives for the plastics industry. Flame retardant fillers are used e.g. in cables in tunnels, airports, high-rise buildings and electronic devices, while additives have applications in catalysis and in electric vehicles. Nabaltec also produces specialty oxides for use in technical ceramics, the refractory and polishing industries. Nabaltec maintains production sites in Germany and the US and plans to continue to develop its market position by expanding capacity, further optimizing processes and quality and making strategic extensions to its product range. On the strength of its specialty products, the company strives to attain the market leadership in each segment.

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