Nanogate AG (DE:N7GG) has trebled in size since 2014. It has achieved this by developing new surface technologies which offer the optical qualities of glass and the durability and shine of chrome plated parts. These technologies are used to create components that are lightweight, easy to maintain and aesthetically attractive. It has also started to take this technology to a global customer base, expanding by acquisition into North America and Eastern Europe. The record revenues and EBITDA reported for FY17 show a continuation of this successful strategy.
FY17 sets record for EBITDA and revenues
Strong revenue and EBITDA growth
FY17 group revenues rose by 65.5% y-o-y to a record €186.2m. Revenues benefited from a major US acquisition, which completed in January 2017, combined with sustained demand in the strategically important advanced metals and advanced polymers segments. EBITDA rose 74% to €21.5m which was also a record. Both metrics exceeded management guidance, which was revised upwards in August. EPS reduced by 9% to €0.64, reflecting the short-term dilutive effect of placings to fund the acquisitions and substantially higher depreciation and finance charges. The €14.2m (gross) raised from the placing in 2017 partly offset the €40.8m invested in acquisitions during the year, but overall net debt increased by €31.6m during the period to €46.2m, raising gearing from 22% at end FY16 to 49%.
To read the entire report Please click on the pdf File Below: