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07.04.2016 11:06:16
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DGAP-News: Nanogate AG
DGAP-News: Nanogate significantly exceeds forecast for 2015
07.04.2016 11:06
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.
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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
--------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------
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. The issuer / publisher is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
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
--------------------------------------------------------------------------- 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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