Q1 2025 Nabaltec AG Earnings Call Transcript
Key Points
- Nabaltec AG (XTER:NTG) reported a slight increase in first-quarter revenues to EUR54.7 million, marking a 1.2% rise compared to the previous year.
- The Functional Fillers segment experienced a 4.1% revenue increase, driven by strong demand for fine precipitated hydroxides in the Wire & Cable market and significant growth in viscosity-optimized hydroxides for battery applications.
- The company maintained a strong export ratio of 76.6%, reflecting its global market presence.
- Nabaltec AG (XTER:NTG) achieved a positive net debt position, with cash and cash equivalents exceeding liabilities to banks by EUR2.2 million.
- The company is actively investing in capacity expansion for boehmite and visco-optimized hydroxide products, with capital expenditures of EUR4.6 million in the Functional Fillers segment.
- The operating result EBIT decreased by 18% to EUR4.1 million, with the EBIT margin dropping to 7.5% from 9.3% in the previous year.
- Higher energy costs, particularly for gas and electricity, negatively impacted the EBIT in the first quarter of 2025.
- The Specialty Aluminas segment recorded a revenue decline of 6.1% and a negative EBIT margin of 2.5%, attributed to declining sales prices and higher energy costs.
- The boehmite product area suffered a 42% decline in revenues, with volumes 38% lower than the previous year, leading to a loss-making position.
- The company faces strong competition and low market prices in the USA, particularly affecting the Naprotec subsidiary.
Good afternoon, ladies and gentlemen. I want to welcome everybody for our today's earnings call and the highlights of the first quarter of 2025.
Let us start with the presentation.
As you can see in brief, the company in brief, Nabaltec is a medium-sized company in the chemical industry and the leading supplier of environmental-friendly flame retardants and, especially, aluminas-based on aluminum hydroxide and aluminum oxide; is headquartered in Schwandorf, Bavaria.
In addition to the main production site in Schwandorf, we have two other production sites in USA; namely, in Corpus Christi, Texas, with Nashtec; and Chattanooga, Tennessee, with Naprotec; as well as the distribution sector -- distribution department in Shanghai, the Shanghai Trading.
End of the '24 financial year, the group generated a revenue of EUR203.6 million and an EBIT of EUR22.3 million. With employees of about roughly 500 people, we are active worldwide, which also reflects our strong export ratio of 76.6%.
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