Nabaltec AG Achieves 9.1% EBIT Margin in 2023 Despite Economic Challenges, Expects Growth in 2024

Nabaltec AG reported a 9.1% EBIT margin for the year 2023 amidst weak economic demand and projects a slight increase in its revenues for 2024. In 2023, the company's revenue decreased by 8.5% to EUR 200.1 million from the previous year's EUR 218.8 million. Despite this decrease, the EBIT margin exceeded the revised forecast, reaching 9.1% with a preliminary operating profit of EUR 18.3 million. The downturn in demand particularly affected the chemical sector, reflecting the broader economic challenges faced globally.

CEO Johannes Heckmann commented on the resilience shown by Nabaltec in navigating through the tough economic conditions and the sector-specific downturns. The company expects an improved outlook in the medium term. For the year 2024, Nabaltec forecasts revenues to marginally exceed those of 2023, with an EBIT margin projected between 7% and 9%, reflecting cautious optimism amidst continuing economic uncertainties.

Despite the unfavorable conditions in 2023, including significant demand fluctuations and a trend towards low customer inventories, Nabaltec's performance slightly outpaced the overall German chemical industry's performance. This resilience is attributed to Nabaltec's focus on customer service and its strategic positioning in the market. The company hopes for a stabilization in the economic and industry-specific environment in 2024, supporting its growth expectations.