Nabaltec

DB: NTG

€269.3m market cap

€30.6 last close

Nabaltec develops, manufactures and distributes environmentally friendly, specialised products based primarily on aluminium hydroxide and aluminium oxide. It is one of the world’s leading suppliers of functional fillers for flame retardants, ceramic raw material and ceramic bodies.

Investment summary

Nabaltec’s H119 results demonstrate that the margin expansion achieved in FY18 has been sustained, supporting management’s full year guidance. The improvement reflects a shift to high-margin products, including reactive alumina and boehmite used in lithium-ion batteries for electric vehicles and energy storage, as well as planned price increases. Longer-term boehmite could represent an activity equal in scale to the Specialty Alumina segment, which currently accounts for a third of group revenues.

Sector
Industrials
Share price graph
Price performance
%
1m
3m
12m
Actual 3.0 (6.4) 33.6
Relative* 0.0 (15.9) 14.4
52-week high/low €37.0/€21.4
*% relative to local index