Nabaltec reports ‘modest’ quarterly figures in challenging environment

For the first quarter of 2020, Germany's Nabaltec AG earned E45.4 million in revenues, a decline of 6.4% compared to revenues of E48.5 million in the same period last year. The Schwandorf-based company's operating profit (EBIT) amounted to E2.5 million in the first three months of 2020, le...

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Detalles Bibliográficos
Formato: Online Artículo Texto
Lenguaje:English
Publicado: 2020
Materias:
Financials
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7535862/
http://dx.doi.org/10.1016/S0306-3747(20)30106-8
Descripción
Sumario:For the first quarter of 2020, Germany's Nabaltec AG earned E45.4 million in revenues, a decline of 6.4% compared to revenues of E48.5 million in the same period last year. The Schwandorf-based company's operating profit (EBIT) amounted to E2.5 million in the first three months of 2020, less than half of the EBIT figure of E5.8 million garnered in the first quarter of 2019. The EBIT margin was 5.9% (12.1% in 1Q 2019). Quarterly EBITDA reached E6.1 million, down from E9.0 million in 1Q 2019.

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