NANOGATE AG / Key word(s): Preliminary Results
18.02.2015 10:53
Dissemination of a Corporate News, transmitted by DGAP - a service of EQS
Group AG.
The issuer / publisher is solely responsible for the content of this
announcement.
---------------------------------------------------------------------------
Nanogate increases sales by around 27 % and exceeds earnings forecast
Targets for 2014 exceeded according to preliminary figures: sales increase
of 27 % to more than EUR 67 million, operating result EBITDA rises by at
least 15 % to more than EUR 7.2 million, overall performance exceeds EUR 70
million - Course of growth and investment programme to continue in 2015
Göttelborn, Germany, 18 February 2015. Nanogate AG (ISIN DE000A0JKHC9), a
leading international integrated systems provider for high-performance
surfaces, has significantly exceeded its sales and earnings forecast for
the 2014 financial year. According to preliminary, not yet audited figures,
sales rose by around 27 % to more than EUR 67 million. The overall
performance increased to more than EUR 70 million. The operating result
(EBITDA) improved by at least 15 % and exceeded the EUR 7.2 million mark.
Consolidated EBIT was more than EUR 2.2 million. Cash flow from operating
activities increased significantly. Thanks to the strong demand and the
large order base, Nanogate intends to continue its course of growth and
investment in 2015.
Ralf Zastrau, CEO of Nanogate AG, commented: "In 2014, Nanogate exceeded
its operational and strategic targets. Despite the burdens of our growth
strategy, sales and operating result grew more strongly than originally
anticipated. Without the expenditure for opening up new international
markets, expanding capacities and expertise, as well as one-off integration
and transaction costs, the result would have grown even more strongly. At
the same time, we have also set an important strategic course with the
acquisition of surface specialist Vogler and our initiated expansion of
capacities and expertise.
â
Expansion measures paying off
The strong business performance was primarily a result of the high level of
demand in both strategic growth areas of advanced metals and advanced
polymers. According to preliminary figures, Group sales increased overall
by around 27 % to more than EUR 67 million, following EUR 53 million in the
2013 financial year. The overall performance totalled more than EUR 70
million (previous year: EUR 56.7 million). Despite the cash expenditure for
expansion and the transaction costs for the acquisition of surface
specialist Vogler, consolidated EBITDA increased to more than EUR 7.2
million (previous year: EUR 6.3 million), corresponding to growth of at
least 15 %. Despite the large investment in expanding capacities and
broadening the technology portfolio, as well as the increased write-downs,
the Group recorded EBIT of more than EUR 2.2 million according to
preliminary figures. Consolidated net income is affected by significantly
higher financing expenditure resulting from investment in capacities and
technology, as well as the acquisition. Cash flow from operating activities
improved significantly. As at the end of 2014, the Group held cash and cash
equivalents of more than EUR 17 million.
Nanogate will continue its high rate of expansion in the current financial
year: "We are optimistic about 2015. Thanks to the order base in the high
double-digit million range as well as the constant demand, Nanogate will be
able to expand its market position again. The new Phase5 growth strategy
also clearly defines our aims: In the medium term, Nanogate intends to
exceed EUR 100 million in sales and to increase its profitability. To
achieve this, we will continue our comprehensive programme of investment
and make use of considerable funds for additional capacities, further
technologies and to open up new international markets. We will benefit
significantly from our expansion in the medium and long term, although we
have already seen initial success this year. This includes the opening of
the new centre of excellence for high-quality metal applications, for
example. In view of the positive development, we would also like to acquire
the outstanding shares in our GfO AG subsidiary. Sales and earnings from
our equity holding have risen significantly since Nanogate joined in 2010,"
explained Nanogate CEO Zastrau.
NB:
Nanogate AG will publish its complete Consolidated Financial Statements
(pursuant to IFRS), including forecast for 2015 and dividend proposal, in
April 2015. The shareholders' meeting is scheduled for June 2015.
Nanogate on Twitter: http://twitter.com/nanogate_ag
If you have any queries, please contact:
Christian Dose (financial press and investors)
Cortent Kommunikation AG
Tel. +49 (0)69 5770 300-0
nanogate@cortent.de
Liane Stieler-Joachim
Nanogate AG
Tel. +49 (0)6825 9591 220
liane.stieler-joachim@nanogate.com
Nanogate AG
Zum Schacht 3
66287 Göttelborn, Germany
www.nanogate.com
Nanogate AG:
Nanogate is a leading international integrated systems provider for
high-performance surfaces. The Group, which is based in Göttelborn
(Saarland), enables the programming and integration of additional
properties - such as non-stick, scratchproof and anti-corrosive - into
materials and surfaces. True to its slogan 'A world of new surfaces',
Nanogate opens up the diverse possibilities of multifunctional surfaces
based on new materials for companies in a wide range of industries.
Nanogate provides its customers with technologically and optically
high-quality systems. To do so, the company uses its extensive knowledge of
innovative materials, including existing expertise in nanomaterials,
nanosurfaces and nanostructures. The aim is to improve customers' products
and processes by means of high-performance surfaces while achieving
environmental benefits. The Group focuses on the four sectors of
automotive/transport, mechanical and plant engineering, buildings/interiors
and sports/leisure, as well as on the strategic growth areas of advanced
polymers and advanced metals. Nanogate has a unique combination of
extensive materials expertise paired with comprehensive, first-class
process and production knowledge. As a systems provider, Nanogate offers
services throughout the entire value chain, from the purchase of raw
materials, to the synthesis and formulation of the material systems, right
through to the enhancement and production of the finished surfaces. The
Group focuses primarily on optically high-quality plastic and metal
coatings for all surface types (two and three-dimensional components). Its
value drivers are the opening up of new, international markets, the
development of new applications for the strategic growth areas of advanced
polymers (innovative plastics, e.g. glazing) and advanced metals
(innovative metal enhancements, especially energy efficiency) as well as
external growth. In the medium term, Nanogate also intends to achieve a
considerable revenue share from environmentally friendly systems and
processes as well as cleantech applications.
The Nanogate Group has first-class references (e.g. Airbus, Audi, August
Brötje, BMW, BSH Bosch und Siemens Hausgeräte, Daimler, FILA, Jaguar,
Junkers, Porsche, Volkswagen). Several hundred projects have already gone
into mass production. The company also has strategic partnerships with many
international corporations. Nanogate comprises Nanogate Industrial
Solutions GmbH, Eurogard B.V., Nanogate Textile & Care Systems GmbH,
Nanogate Glazing Systems B.V., Vogler GmbH and majority stakes in GfO
Gesellschaft für Oberflächentechnik AG and Plastic-Design GmbH.
Disclaimer:
This publication constitutes neither an offer to sell nor an invitation to
buy securities. The shares in Nanogate AG (the "Shares") may not be offered
or sold in the United States or to or for the account or benefit of "U.S.
persons" (as such term is defined in Regulation S under the U.S. Securities
Act of 1933, as amended (the "Securities Act")). No offer or sale of
transferable securities is being made to the public outside Germany.
18.02.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: NANOGATE AG
Zum Schacht 3
66287 Göttelborn
Germany
Phone: +49 (0)6825/95 91 0
Fax: +49 (0)6825/95 91 852
E-mail: nanogate@cortent.de
Internet: www.nanogate.de
ISIN: DE000A0JKHC9
WKN: A0JKHC
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart; Open Market (Entry Standard) in Frankfurt
End of Announcement DGAP News-Service
---------------------------------------------------------------------------
DGAP-News: Nanogate increases sales by around 27 % and exceeds earnings forecast
| Source: EQS Group AG