Nabaltec profits rise on boehmite demand
Published: Thursday, 20 December 2018
The company reports that lithium battery demand is supporting the rise in boehmite demand, with revenue for the third quarter at $49.1 million and Nashtec “weighing down” earnings.
Alumina producer Nabaltec reported rising demand for
boehmite, a type of aluminium oxide used in battery separator
Nabaltec’s revenues rose in the third quarter
of 2018, led by growth in its specialty alumina business, which
includes the boehmite business, it said on November 27.
Nabaltec reported revenues of €43.5 million ($49.1
million) in the September quarter, compared with €41.8
million in the same period of last year. Growth in its
specialty alumina business rose by 6.8% year on year.
|Chairman Johannes Heckmann
Nabaltec’s growth in earnings to
demand for boehmite.
In October 2018, high demand for boehmite prompted Nabaltec
to form a trading company based in Shanghai to market the
product to Chinese lithium ion battery producers for use in
"The increased proximity to customers that will be created
by this move is expected to provide an additional boost in the
Chinese market, the world’s largest market for
lithium ion batteries," Nabaltec chief executive Johannes
Battery demand is rising due to the rapidly increasing market
for electric vehicles, with China a major center of
In the first nine months of the year, the company posted
revenues of €135.3 million, compared with €130.5
million in the same period of last year. Operating profit
(Ebit) amounted to €14 million in the first nine months of
the year, down slightly from the value posted in the same
period last year. Earnings before interest, taxes, depreciation
and amortization (Ebitda) reached a value of €23 million,
down from €23.4 million in the first nine months of
"On the whole, we are satisfied with our results in the
third quarter and in the first nine months of the year,"
Nabaltec chief executive officer Johannes Heckmann said. "As we
expected, and as we have been reporting for a long time,
implementation of the stand-alone solution for our subsidiary
Nashtec has had the effect of weighing down earnings."
"We continue to expect revenue growth in the mid-single
digits for 2018 as a whole, with an Ebit margin in the high
single digits," he added.