Nabaltec AG achieves an EBIT margin of 9.1% in 2023 despite weak economic
demand and expects slight growth in 2024

EQS-News: Nabaltec AG / Key word(s): Preliminary Results
Nabaltec AG achieves an EBIT margin of 9.1% in 2023 despite weak economic
demand and expects slight growth in 2024

05.03.2024 / 10:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Nabaltec AG achieves an EBIT margin of 9.1% in 2023 despite weak economic
demand and expects slight growth in 2024

  * Revenues of EUR 200.1 million in 2023 according to preliminary figures
    (2022: EUR 218.8 million)

  * Preliminary operating profit (EBIT) of EUR 18.3 million; EBIT margin
    9.1%

  * Weak demand due to the economic situation having a particular impact on
    the chemical industry

  * Outlook 2024: Revenues slightly above the previous year's level; EBIT
    margin in a range of 7% to 9%

Schwandorf, 5 March 2024 - Nabaltec earned revenues of EUR 200.1 million,
according to 2023 preliminary figures, compared to EUR 218.8 million in the
previous year (-8.5%). Despite the current weakness in the industry, which
is particularly noticeable in the chemical sector, this represents the
second-highest revenues in Nabaltec's history. According to preliminary
figures, the operating profit (EBIT) was EUR 18.3 million, compared to EUR
29.2 million in 2022. The EBIT margin (EBIT as a percentage of total
performance) was 9.1%. The revenue forecast adjusted in August 2023 with an
expected decline in revenues of 4% to 6% was therefore not achieved.
However, the forecast for the EBIT margin, which was also adjusted from the
expected 6% to 8%, was exceeded.

"The mix of negative factors from the economy, sector trends and weak demand
in our target markets made it impossible for us to achieve the targets we
set at the beginning of 2023. Nevertheless, we performed well in a difficult
environment," said Johannes Heckmann, CEO of Nabaltec AG. "In the medium
term, we expect better momentum in the markets and then Nabaltec will be
well positioned to benefit significantly from this."

According to preliminary figures, the company attained revenues in the
"Functional Fillers" product segment of EUR 142.3 million in Financial Year
2023, compared to EUR 148.0 million in the previous year, corresponding to a
decrease of 3.9%. In the boehmite product range, revenues in 2023 amounted
to EUR 17.3 million, compared to EUR 19.0 million the year before.
Boehmite's share in consolidated revenues was therefore around 9%, as in the
previous year. In the "Specialty Alumina" product segment, Nabaltec earned
revenues of EUR 57.8 million, according to 2023 preliminary figures,
compared to EUR 70.9 million in the previous year (-18.5%). The continuing
weakness of the steel industry is leaving clear marks here.

According to these preliminary results, Nabaltec AG's revenues were down
8.5% in 2023, slightly better than the German chemical industry as a whole,
which was down 12% from the previous year, according to the German chemical
industry association VCI. Nabaltec's performance was characterized above all
by the fact that customer orders fluctuated greatly over the course of the
year in line with the respective order situation. At the same time, the
continued customer focus on low inventories was clearly noticeable,
particularly in the fourth quarter. All in all, these circumstances led to a
short-term and erratic order behavior on the part of customers that was
difficult for the company to calculate. Even at the start of 2024, demand
remains characterized by short-term decisions. However, Nabaltec expects
demand to increase for the majority of its product ranges in the current
financial year. Due to the economic and sector-specific environment, the
company expects revenues for 2024 to be slightly above the previous year's
level. On the earnings side, Nabaltec is expecting an EBIT margin in a range
of 7% to 9%. The forecast is based on the assumption that the economy and
the industries relevant to Nabaltec will develop in a stable manner.

Note: The 2023 Annual Report and the 2023 Annual Financial Statements for
Nabaltec AG will be available for download as of 25 April 2024 at
www.nabaltec.de/en/investor-relations/financial-reports.

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@better-orange.de

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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:    1851123

End of News EQS News Service
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1851123 05.03.2024 CET/CEST