from Nabaltec AG (isin : DE000A0KPPR7)
EQS-Adhoc: Nabaltec lowers forecast for Financial Year 2023
EQS-Ad-hoc: Nabaltec AG / Key word(s): Change in Forecast
Nabaltec lowers forecast for Financial Year 2023
04-Aug-2023 / 11:35 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Schwandorf, 4 August 2023 – According to preliminary figures, Nabaltec AG's revenues in the second quarter of 2023 declined significantly by 12.2% to EUR 49.1 million compared to the same quarter of the previous year. The EBIT margin decreased from 14.8% to 6.7% in the same period.
A generally very weak demand as well as continued destocking by customers was evident across both product segments. Contrary to previous expectations, the company does not see a recovery in the third quarter of 2023 either.
Against this backdrop, Nabaltec AG is adjusting its forecast for the full year 2023 and now expects a year-on-year revenue decline in a range of 4% to 6%. Previously, revenue growth was forecast in the range of 3% to 5%. On the earnings side, the company expects an EBIT margin in a range of 6% to 8% for 2023 (previously: 8% to 10%).
Contact:
| Johannes Heckmann |
| Nabaltec AG |
| Phone: +49 9431 53-202 |
| Fax: +49 9431 53-260 |
| E-mail: Heckmann.Johannes@nabaltec.de |
End of Inside Information
Information and Explanation of the Issuer to this announcement:
Information and explanations by the issuer of this notice:
Note: As planned, Nabaltec AG's half-yearly Financial Statements of 2023 will be available for download as of 24 August 2023 at https://nabaltec.de/en/investor-relations/financial-reports.
Contact Investor Relations:
| Marina Fuchs | Frank Ostermair/Vera Müller |
| Nabaltec AG | Better Orange IR & HV AG |
| Phone: +49 9431 53-205 | Phone: +49 89 8896906-14 |
| Fax: +49 9431 53-260 | Fax: +49 89 8896906-66 |
| E-mail: InvestorRelations@nabaltec.de | E-mail: nabaltec@better-orange.de |
04-Aug-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
| 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: | 1696529 |
| End of Announcement | EQS News Service |
1696529 04-Aug-2023 CET/CEST