Nabaltec AG publishes report for the first quarter of 2024: earnings nearly
on par with last year, with a slight decline in revenues

EQS-News: Nabaltec AG / Key word(s): Quarter Results
Nabaltec AG publishes report for the first quarter of 2024: earnings nearly
on par with last year, with a slight decline in revenues

23.05.2024 / 10:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Nabaltec AG publishes report for the first quarter of 2024: earnings nearly
on par with last year, with a slight decline in revenues

  * Consolidated revenues in the first three months of 2024 at EUR 54.0
    million (-5.3% compared to the same quarter of the previous year)

  * EBIT of EUR 5.0 million in the first three months of 2024 (Q1/2023: EUR
    5.2 million); EBIT margin 9.3%.

  * Forecast for 2024 confirmed: revenues slightly above the previous year's
    level; EBIT margin in a range of 7% to 9%

Schwandorf, 23 May 2024 - Nabaltec AG published its report for the first
quarter of 2024 today, confirming the preliminary figures for the first
three months. The company earned revenues of EUR 54.0 million in total
compared to EUR 57.0 million in the same quarter from the previous year
(-5.3%). Nabaltec's operating profit (EBIT) amounted to EUR 5.0 million
(same quarter of previous year: EUR 5.2 million), which corresponds to an
EBIT margin (EBIT as a percentage of total performance) of 9.3%.

"With an EBIT margin at the previous year's level, we were once again able
to demonstrate the high quality of our earnings - despite the slight
reduction in revenues compared to the previous year. With the quarterly
revenues we have achieved, we are currently on track to reach our annual
target," reported Johannes Heckmann, CEO of Nabaltec AG.

In both product segments, revenues in the first quarter of 2024 were down
from the same quarter of the previous year due to the economic situation. In
the "Functional Fillers" product segment, revenue of EUR 38.7 million was
attained in the first three months of 2024, compared to EUR 40.1 million in
the same period previous year, corresponding to a reduction of 3.5%. Sales
volumes in the boehmite product range continue to stagnate, as there is
still no impetus from industry, particularly in Europe. Nabaltec had revenue
of EUR 15.4 million in the "Specialty Alumina" product segment in the first
quarter of 2024, compared to EUR 17.0 million in the corresponding period
from the previous year. The continuing weakness of the steel industry led to
this significant reduction of 9.4% compared to the same quarter of the
previous year.

After the first three months of 2024, operating cashflow was EUR 31.7
million, compared to EUR 11.2 million in the first quarter of the previous
year. Changes in working capital, particularly the decrease in other assets
in the form of time deposits in the amount of EUR 15 million, had a positive
effect here. Spending on investments increased from EUR 1.9 million in the
same quarter from the previous year to EUR 5.1 million. The focus was on
expanding capacity for boehmite, process optimization at the Schwandorf site
and the expansion of viscosity-optimized aluminum hydroxides.

"Even if some target sectors, such as the market for boehmite, are still
hampered by the lack of impetus from industry, we expect to see greater
momentum again in the medium term and are optimizing our capacities
accordingly. With our current investments, we are laying the foundations for
the potential of the coming years. In view of the still slow market
momentum, we are sticking to our rather conservative forecast for 2024,"
Johannes Heckmann continued.

Nabaltec confirms its previous forecast and continues to expect consolidated
revenues in 2024 to be slightly higher than in 2023 (EUR 200.1 million). On
the earnings side, Nabaltec is expecting an EBIT margin in a range of 7% to
9%.

Note: Nabaltec AG's Q1/2024 report will be available for download as of 23
May 2024 at https://nabaltec.de/en/investor-relations/financial-reports. The
Management Board of Nabaltec AG will also hold a round table entitled Q1
Highlights and Deep Dive into Key Products on 28 May 2024 at 4:00 pm.
Interested investors can register via the following link.

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.

Contact:

     Kerstin Schuierer                Frank Ostermair/Vera Müller
     Nabaltec AG                      Better Orange IR & HV AG
     Phone: +49 9431 53-204           Phone: +49 89 8896906-14
     Fax: +49 9431 53-260             Fax: +49 89 8896906-66
     E-mail:                          E-mail:
     InvestorRelations@nabaltec.de    nabaltec@linkmarketservices.eu

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23.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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   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:    1909267

End of News EQS News Service
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1909267 23.05.2024 CET/CEST