Nabaltec

DB: NTG

€161.5m market cap

€18.35 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.

Investment summary

The COVID-19 pandemic had an adverse impact on demand for most of Nabaltec’s products during Q220, with the European steel and automotive industries particularly badly affected. Management has taken steps to reduce costs, so, if write-downs totalling €2.1m are excluded, the group generated €1.7m EBIT during Q220.

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Sector
Industrials
Share price graph
Price performance
%
1m
3m
12m
Actual (4.7) (17.7) (48.5)
Relative* (7.2) (23.5) (51.9)
52-week high/low €37.7/€17.1
*% relative to local index
Key management
Johannes Heckmann Chairman & CEO
Günther Spitzer CFO