EQS-Adhoc: Nabaltec lowers forecast for Financial Year 2023
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EQS-Ad-hoc: Nabaltec AG / Key word(s): Change in Forecast
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%).
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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.
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04-Aug-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Nabaltec AG |
| Alustraße 50-52 | |
| 92421 Schwandorf | |
| Germany | |
| Phone: | +49 9431 53-0 |
| Fax: | +49 9431 53-260 |
| E-mail: | [email protected] |
| 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 |
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1696529 04-Aug-2023 CET/CEST
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