|
DGAP-Ad-hoc: Nabaltec AG / Key word(s): Miscellaneous
Nabaltec intends to disclose an extraordinary depreciation on fixed assets at its subsidiary Nashtec, USA
Schwandorf, 27 October 2020 - As part of the preparation of the consolidated financial statements for financial year 2020, Nabaltec AG will presumably disclose an extraordinary depreciation in the amount of EUR 21 - 25 million on the book value fixed assets at Nashtec, USA. The background is the reduction of capacity utilization to below 50% at Nashtec triggered by COVID-19 and the expected slower recovery of sales volumes in the North American market in the years to come. The exact amount of the extraordinary depreciation will be determined during the preparation of the annual financial statements. In addition to the reduction of fixed assets in the consolidated balance sheet, the measure also reduces the Group's EBIT and consolidated net income for the year. The extraordinary depreciation has no effect on cash flow. Contact:
Information and Explanation of the Issuer to this News: Contact Investor Relations:
27-Oct-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| 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: | 1143341 |
| End of Announcement | DGAP News Service |
|
|
1143341 27-Oct-2020 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
