25.01.2018 10:05:48
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DGAP-Ad hoc: Nanogate SE
DGAP-Ad-hoc: NANOGATE SE / Key word(s): Forecast Göttelborn, January 25, 2018 - Nanogate SE, a leading global specialist for design-oriented, high-tech surfaces and components, publishes its earnings forecast for 2018 following the successful acquisition of the plastics division of HTI High Tech Industries AG. According to the forecast, the operating result (EBITDA) should reach more than EUR 24 million, despite seven-figure transaction and integration costs. As announced above, the Group expects sales to increase to more than EUR 220 million. In parallel, Nanogate is planning on investments in the significant double-digit million range in 2018 for the implementation of the announced innovation program and the expansion of capacities. Because of this, increased depreciation and finance costs will affect the consolidated net income. The Group reached its forecast of more than EUR 170 million in sales with an operating result (EBITDA) of at least EUR 20 million in the 2017 fiscal year. With the now completed acquisition, Nanogate is expanding its market position in the area of high-quality plastic components and surfaces. Internationalization is also being strengthened. As part of the transaction agreed on in November 2017, the companies HTP Slovakia (Vráble, Slovakia) and HTP Electronics (Neudörfl, Austria) will be completely integrated into the Nanogate Group. The companies will be traded under the names Nanogate Slovakia s.r.o. and Nanogate Electronic Systems GmbH, respectively. In addition, Nanogate has acquired a 50 % stake in HTP Austria (Fohnsdorf, Austria) as part of a strategic partnership (including a later purchase option). The non-cash capital increase to pay the purchase price should be carried out in the next few weeks. The purchase price is being paid exclusively in shares as part of a non-cash capital increase of 275,000 shares at the Xetra closing price as of January 24, 2018.
Information and Explanation of the Issuer to this News: NB: Further information can be found in the press release also published today. Nanogate will publish its annual report 2017 in April 2018.
Tel. +49 69 57 70 300 21 nanogate@wmp-ag.de
Juliane Wernet Nanogate SE Zum Schacht 3 66287 Göttelborn | Germany Tel. +49 6825 9591 223 juliane.wernet@nanogate.com
www.nanogate.com twitter.com/nanogate_se
Nanogate SE Nanogate (ISIN DE000A0JKHC9) is a leading global specialist for design-oriented high-tech surfaces and components of very high optical quality. The Group employs around 1,200 people. Nanogate develops and produces design-oriented surfaces and components and enhances them with additional properties (e.g. nonstick, scratchproof, anticorrosive). The Group has first-class references (e.g. Airbus, Audi, August Brötje, BMW, BSH Hausgeräte, Daimler, FILA, Ford, Fresenius, GM, Jaguar, Junghans, Porsche and Volkswagen). Several hundred mass production projects for customers have already been implemented successfully. The Nanogate Group is represented on both sides of the Atlantic with its own production facilities. True to its slogan 'A world of new surfaces,' Nanogate is a long-standing innovation partner who opens up the diverse possibilities offered by new materials to companies in a wide range of industries. It aims to improve customers' products and processes and to provide environmental benefits by using multifunctional surfaces, such as those made of plastic or metal, and innovative plastic components. The Group concentrates on attractive sectors such as automotive/transport, mechanical/plant engineering, buildings/interiors and sport/leisure. As a systems provider, Nanogate offers the entire value chain materials development for surface systems, series coating of various different substrates as well as the production and enhancement of complete plastic components. The main value drivers are the opening up of international markets, the development of new applications for the strategic growth areas Advanced Polymers (innovative plastics) and Advanced Metals (innovative metal enhancements) as well as external growth. Disclaimer This publication constitutes neither an offer to sell nor an invitation to buy securities. The shares in Nanogate SE (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.
25-Jan-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | NANOGATE SE |
Zum Schacht 3 | |
66287 Göttelborn | |
Germany | |
Phone: | +49 (0)6825/95 91 0 |
Fax: | +49 (0)6825/95 91 852 |
E-mail: | nanogate@wmp-ag.de |
Internet: | www.nanogate.de |
ISIN: | DE000A0JKHC9 |
WKN: | A0JKHC |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Munich, Stuttgart, Tradegate Exchange |
End of Announcement | DGAP News Service |
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648261 25-Jan-2018 CET/CEST
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