Nabaltec AG Publishes Interim Report January to June 2024: Revenues on Track in Second Quarter

Nabaltec AG has released its interim report for the period from January to June 2024, showing steady revenue growth. Consolidated revenues for the first half of 2024 reached EUR 108.4 million, reflecting a 2.2% increase compared to the same period in the previous year. In the second quarter alone, revenues surged by 10.6% to EUR 54.3 million.

The "Functional Fillers" segment significantly contributed to this growth, posting second-quarter revenues of EUR 39.5 million, up 15.5% from last year. Conversely, the "Specialty Alumina" segment saw a slight decline in revenues to EUR 14.8 million in the second quarter, a 0.7% decrease. Overall, the first half of 2024 registered mixed results across these segments.

Nabaltec's EBIT for the first six months of 2024 stood at EUR 10.9 million, marking a 28.2% increase from EUR 8.5 million in the first half of 2023. This led to an improved EBIT margin of 9.9%, compared to 8.1% previously. The company has also refined its forecast for the entire year, expecting revenue growth between 2% and 4% and an EBIT margin ranging from 8% to 10%.