NANOGATE AG / Key word(s): Preliminary Results
07.04.2016 11:06
Dissemination of a Corporate News, transmitted by DGAP - a service of EQS
Group AG.
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Nanogate significantly exceeds forecast for 2015
Preliminary figures for 2015: Sales increase by around 30 % to over EUR 90
million; operating result reaches over EUR 10 million; cash and cash
equivalents increase to over EUR 22 million - expansion strategy continues
in 2016
Göttelborn, Germany, 7 April 2016. Nanogate AG, a leading international
integrated systems provider for high-performance surfaces, has
significantly exceeded its forecast for 2015 in sales and operating result.
According to preliminary, not yet audited figures, the Group achieved an
increase in sales of around 30 % to over EUR 90 million, while the
operating result (EBITDA) improved even more strongly, climbing to over EUR
10 million. Consolidated EBIT increased to more than EUR 2.8 million. As at
the end of 2015, the Group held cash and cash equivalents of more than EUR
22 million.
Nanogate AG's CEO, Ralf Zastrau, commented: "Nanogate can again look back
on a record year. Sales and operating result increased significantly,
exceeding our expectations. Without the burden resulting from implementing
our growth programme, profitability would have increased even further.
Focusing on the two promising application fields of advanced metals and
advanced polymers is paying off and is driving our business forward
significantly. The Group will continue to expand this year, meaning that
significant funds will again be channelled into expanding the technology
portfolio and into opening up new international markets. The most important
projects include the launch of the new technology platform for
multifunctional metallisation of surfaces. Along with other new projects
and even stronger international positioning, we will achieve the objective
of our ongoing Phase5 strategy programme, exceeding sales of EUR 100
million and increasing profitability over the medium term."
Profitable growth course of 2015 again continued
According to preliminary, not yet audited figures, Nanogate increased sales
in the 2015 financial year by about 30 % to over EUR 90 million (previous
year: EUR 68.6 million). Overall performance exceeded EUR 94 million
(previous year: EUR 71.1 million). In the expansion of its volume of
business, the Group benefited from strong demand for systems in its
strategic application areas of advanced metals and advanced polymers, as
well as from consolidation effects and strong end-of-year business. The
operating result (consolidated EBITDA) improved by around 35 % to over EUR
10 million (previous year: EUR 7.4 million). Consolidated EBIT totalled
more than EUR 2.8 million (previous year: EUR 2.5 million). Without the
burden resulting from the implementation of the Phase5 growth programme,
profitability would have increased even further. A considerable amount of
funds was again channelled into expanding the technology portfolios and
capacities, as well as into opening up new international markets.
Consolidated net income is correspondingly affected by higher financing
expenditure resulting from investment. Cash flow from operating activities
improved again. As at the balance sheet date, the Group held cash and cash
equivalents of more than EUR 22 million.
Nanogate will continue its expansion strategy in the 2016 financial year,
focusing on extending its range of applications. Production relating to the
new technology platform for the multifunctional metallisation of surfaces,
primarily of plastics, should therefore begin in the course of the year.
The Group is investing in the high single-digit million range in setting up
production facilities and in its centre of excellence for high-quality
metal applications, which was opened back in 2015. The new technology will
be marketed under the N-Metals Chrome brand. Over the medium term, Nanogate
expects significant sales potential and is currently involved in promising
talks regarding possible projects. The Group is also investing in new
facilities and additional capacities at its Vogler subsidiary. The Group
also intends to drive forward its internationalisation. It has, for
example, already opened a subsidiary in Turkey, while other locations are
being reviewed. Based on these growth levers, the Group intends to exceed
sales of EUR 100 million and to increase profitability over the medium
term.
NB:
Nanogate will publish its annual report (including consolidated financial
statements in line with IFRS, dividend proposal and forecast for 2016) on
27 April 2016. The shareholders' meeting is planned for 29 June 2016.
Nanogate on Twitter: http://twitter.com/nanogate_ag
If you have any queries, please contact:
Christian Dose (financial press and investors) Nanogate AG
Cortent Kommunikation AG Zum Schacht 3
Tel. +49 (0)69 5770 300 0 66287 Göttelborn, Germany
nanogate@cortent.de www.nanogate.com
Liane Stieler-Joachim
Nanogate AG
Tel. +49 (0)6825 9591 220
liane.stieler-joachim@nanogate.com
Nanogate AG:
Nanogate (ISIN DE000A0JKHC9) 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 and processing procedures. The aim is to improve
customers' products and processes by means of high-performance surfaces
while achieving environmental benefits. The Group concentrates on
attractive sectors such as automotive/transport, mechanical/plant
engineering, buildings/interiors and sport/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 know-how. 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, primarily 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.
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 Eurogard B.V., GfO
Gesellschaft für Oberflächentechnik AG, Nanogate Industrial Solutions GmbH,
Nanogate Textile & Care Systems GmbH, Nanogate Glazing Systems B.V., Vogler
GmbH and a majority stake in 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.
07.04.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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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
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DGAP-News: Nanogate significantly exceeds forecast for 2015
| Source: EQS Group AG