Nabaltec AG Reports Q1 2024 Results: Earnings Stable, Revenue Declines

Nabaltec AG has released its financial report for the first quarter of 2024, showing stable earnings but a slight decline in revenue. The company achieved consolidated revenues of EUR 54.0 million, a 5.3% decrease compared to the same quarter last year. The EBIT for the quarter stood at EUR 5.0 million, down from EUR 5.2 million in Q1 2023, resulting in an EBIT margin of 9.3%.

The "Functional Fillers" segment reported revenues of EUR 38.7 million, a 3.5% decline due to stagnant sales volumes in boehmite. The "Specialty Alumina" segment experienced a more significant drop, with revenues decreasing by 9.4% to EUR 15.4 million, attributed to the ongoing weakness in the steel industry.

Despite the revenue downturn, operating cash flow surged to EUR 31.7 million from EUR 11.2 million in the same period last year, mainly due to changes in working capital. Investments rose from EUR 1.9 million to EUR 5.1 million, focusing on capacity expansion and process optimization.

Nabaltec confirms its annual forecast, expecting slight revenue growth and an EBIT margin within 7% to 9% for 2024, as it continues to adapt to market conditions and invests in future potentials.