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EQS-Adhoc: Nabaltec lowers forecast for Financial Year 2023

eqs_en 
0 0 04.08.23
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.

Nabaltec lowers forecast for Financial Year 2023

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

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Nabaltec AG Inh. Aktie

16,75 €
-1,47 %
Die Nabaltec AG Inh. Aktie verzeichnet heute einen spürbaren Rückgang um -1,47 %.

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EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




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