Nabaltec: Record Revenues in 2010

Nabaltec AG, a supplier of eco-friendly fillers and additives, as well as raw materials for technical ceramics for a large number of applications in a variety of industries, published its 2010 consolidated financial statements today and the provisional figures for 2010 were confirmed: revenues grew by 54.2%, from EUR 73.1 million to EUR 112.7 million, a new record. Nabaltec´s earnings before interest, taxes, depreciation and amortization (EBITDA) increased from EUR 3.7 million to EUR 14.3 million, and its EBIT reached EUR 6.5 million, coming after a loss of EUR 2.7 million the year before. Earnings before taxes improved from EUR -7.0 million to EUR 1.4 million and the consolidated result (after taxes and non-controlling interests) turned positive, improving from EUR -5.0 million to EUR 1.8 million.

Nabaltec Group´s liquidity and cash flow trend in 2010 was very strong, for which three factors were primarily responsible: Nabaltec´s cash flow from operating activities increased from EUR 4.6 million to EUR 15.4 million, while cash flow from investing activities changed from EUR -20.3 million to EUR -7.5 million, as planned. Meanwhile, Nabaltec was able to successfully place a EUR 30.0 million corporate bond issue in October 2010. Cash and cash equivalents increased from EUR 0.5 million to EUR 19.0 million and free cash flow for 2010 was EUR 7.9 million.

As a whole, Nabaltec expects revenue growth in the low double digits in the year 2011 due to the fact that demand for eco-friendly fillers continues to grow unabated, together with other factors boosting demand in technical ceramics and the refractory industry. Operating profit (EBIT) is expected to grow faster than revenues in 2011.

The 2010 Annual Report and the 2010 Annual Financial Statements for Nabaltec AG are available for download from the "Investor Relations" section of www.nabaltec.de starting today.