Nabaltec achieved strong earnings growth in H117, despite the drag on revenue growth and margins caused by the temporary shutdown of the US production facility, Nashtec, in August 2016 when its main supplier (and JV partner) went into administration. Management secured the outstanding stake in Nashtec in March 2017, enabling it to move forward with plans to re-open an enlarged facility in Q118. This will enable Nabaltec to benefit from growth in demand in Europe driven by tightening safety re
01 Sep 2017
Record H117 performance; guidance raised
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Record H117 performance; guidance raised
Nabaltec AG (NTG:ETR) | 0 0 2.1% | Mkt Cap: 252.6m
- Published:
01 Sep 2017 -
Author:
Anne Margaret Crow -
Pages:
4
Nabaltec achieved strong earnings growth in H117, despite the drag on revenue growth and margins caused by the temporary shutdown of the US production facility, Nashtec, in August 2016 when its main supplier (and JV partner) went into administration. Management secured the outstanding stake in Nashtec in March 2017, enabling it to move forward with plans to re-open an enlarged facility in Q118. This will enable Nabaltec to benefit from growth in demand in Europe driven by tightening safety re