Nabaltec

Overview
Price performance
Financials
Research
Thematics

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.

Latest Insights

Industrials |
Update

31.08.21

Nabaltec — Getting back to pre-pandemic performance

Industrials |
Update

07.05.21

Nabaltec — Recovery underway

Industrials |
Update

07.09.20

Nabaltec — Still profitable despite difficult environment

Industrials |
Update

11.05.20

Nabaltec — Investment in US for medium-term growth

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Sector

Industrials

Equity Analyst

Andrew Keen

MD - Head of Content, Energy & Resources, Industrials

Key Management

Günther Spitzer

CFO
Johannes Heckmann

CEO

Share Price Performance

Price Performance
%	1M	3M	12M
Actual	4.2	(23.3)	(41.4)
Relative	4.6	(29.7)	(48.7)
52 week high/low	€23.0/€12.4

Financials

Nabaltec’s H121 results show that the recovery that commenced in Q420 has been sustained. Revenues were only 2% behind pre-pandemic levels in Q221, resulting in a record EBIT margin. Management has raised FY21 guidance. Performance at the upper end could potentially result in record revenues this year. Guidance is supported by strong demand for boehmite, which is used in electric vehicle (EV) batteries, as management expects its sales of this material (10% of FY20 sales) to jump by around 50% in FY21.