Nanogate forecasts higher sales and better result
Saarbrücken, 16 November 2006. Nanogate AG (ISIN DE000A0JKHC9) has published a first forecast for the full financial year 2006 that exceeds analysts’ expectations. Group sales are expected to increase by about 51% to €7.5 million (previous year pro forma: €4.9 million). Earnings before interest and taxes are also expected to rise significantly to at least €1.0 million (previous year pro forma: €-0.4 million). The analysts’ previous average EBIT estimate was €0.3 million.
The EBIT that Nanogate is now forecasting is €1.4 million higher than the previous year’s figure, which is, however, only comparable to a limited extent because Group structure has undergone a change in 2006. Nanogate AG has nevertheless been profitable since 2004 and will also make a substantial contribution toward the 2006 result.
The good business outlook at the end of October and the stable order inflow have prompted Nanogate to upgrade its previous in-house forecast for the full financial year. Brisk demand from existing customers and new industrial customers gained have contributed especially toward growth in the second half. Nanogate also noted a good response at the Glastec trade fair in October, leading to a number of new projects in, for example, glass corrosion protection and glass design. The company is currently engaged in various international cooperation discussions. The nanotechnology company’s first-half figures were €3.7 million in sales and an EBIT of €0.7 million driven by positive special influences.
