Nabaltec AG
XMUN:NTG
Nabaltec AG
Nabaltec AG engages in the development, manufacture, and distribution of products based on mineral raw materials. The company is headquartered in Schwandorf, Bayern and currently employs 478 full-time employees. The company went IPO on 2006-11-24. The firm operates through two segments: Functional Fillers and Technical Ceramics. The Functional Fillers segment develops, produces and distributes halogen-free, flame retardant fillers on the basis of aluminum hydroxide und the APYRAL trade name, as well as on the basis of magnesium hydroxide, under the APYMAG brand. The Technical Ceramics segment produces calcined aluminum oxides and sintered mullites, as well as complete ceramic bodies. In addition to that, the Company also performs chemical and physical tests for inorganic raw materials and technical materials, mineral raw materials, mineral- or ceramic-bound construction materials and inorganic binding agents, plus the analysis of geological samples, filter dusts and fly ashes.
Nabaltec AG engages in the development, manufacture, and distribution of products based on mineral raw materials. The company is headquartered in Schwandorf, Bayern and currently employs 478 full-time employees. The company went IPO on 2006-11-24. The firm operates through two segments: Functional Fillers and Technical Ceramics. The Functional Fillers segment develops, produces and distributes halogen-free, flame retardant fillers on the basis of aluminum hydroxide und the APYRAL trade name, as well as on the basis of magnesium hydroxide, under the APYMAG brand. The Technical Ceramics segment produces calcined aluminum oxides and sintered mullites, as well as complete ceramic bodies. In addition to that, the Company also performs chemical and physical tests for inorganic raw materials and technical materials, mineral raw materials, mineral- or ceramic-bound construction materials and inorganic binding agents, plus the analysis of geological samples, filter dusts and fly ashes.
Revenue: 2024 Group revenue was EUR 203.6 million, up 1.7% year-on-year but slightly below the company’s 2–4% growth forecast.
Profitability: EBIT rose to EUR 22.3 million from EUR 18 million, with the EBIT margin improving to 10.8%, helped by strong demand in Functional Fillers and higher other operating income.
Q4 Performance: Q4 revenue increased by 2.6% to EUR 45 million, with a sharp 12.2% EBIT margin, driven by higher volumes and improved cost positions despite price pressure.
Segment Dynamics: Functional Fillers delivered robust growth and margin improvement, while Specialty Aluminas faced revenue and margin declines due to weak demand and higher costs.
Q1 2025 Update: Preliminary Q1 2025 revenue was EUR 54.7 million. Functional Fillers remained strong, but Specialty Aluminas continued to decline. Q1 EBIT margin was 7.5%, impacted by higher energy costs.
2025 Outlook: Management expects 3–5% revenue growth and an EBIT margin of 7–9% for 2025, citing energy cost volatility and higher personnel expenses as headwinds.
Raw Materials: Input cost pressures are easing, with lower alumina prices secured for 2025 contracts.