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ItN Nanovation AG first time with positive EBITDA in 2017 expected
Saarbrücken, 03.03.2017
EBITDA (earnings before interest and taxes) 2017 positive first time in the company's history
Turn-over in 2017 of more than Euro 10 million expected
Turn-over in January 2017 just below Euro 1,9 million within expectations
80% of the sales forecast 2017 secured already by deliveries and allocations
Saarbrücken, March, 3rd 2017. ItN Nanovation AG (ISIN DE000A0JL461) expect closing 2017 first time in its company's history with a positive EBITDA (earnings before interests and taxes). The newly issued prognosis by the company shows a sales forecast of more than Euro 10 million. More than 80% of it is already secured by deliveries and allocations.
Within the first two months of 2017, 60% of the goods for the project "Al Hamema" have already been delivered to Saudi Arabia and the remaining 40% will be delivered within the first quarter. Customer payments for this project worth US-$ 3.3 million are mostly secured by letter of credit.
Due to stock fill-up with goods, the CEO expects a week second quarter 2017. Deliveries for projects in China will not start before forth quarter. Reaching the targets will be mainly depending of starting up the production in Nantong on schedule. Upon reaching the targeted turn-over, the company will have a positive cash flow from operating business activities in 2017.
ItN Nanovation AG
The Management Board
Contact:
ItN Nanovation AG
Lutz Bungeroth/CEO
Untertürkheimer Str. 25
66117 Saarbrücken
Tel.: +49 (0) 681/5001-460
Fax: +49 (0) 681/5001-499
Email: ir@itn-nanovation.com
www.itn-nanovation.com
Corporate Governance
Financial Calendar
General Meetings
Reports
Presentations
News
ItN Nanovation AG first time with positive EBITDA in 2017 expected
Saarbrücken, 03.03.2017
EBITDA (earnings before interest and taxes) 2017 positive first time in the company's history
Turn-over in 2017 of more than Euro 10 million expected
Turn-over in January 2017 just below Euro 1,9 million within expectations
80% of the sales forecast 2017 secured already by deliveries and allocations
Saarbrücken, March, 3rd 2017. ItN Nanovation AG (ISIN DE000A0JL461) expect closing 2017 first time in its company's history with a positive EBITDA (earnings before interests and taxes). The newly issued prognosis by the company shows a sales forecast of more than Euro 10 million. More than 80% of it is already secured by deliveries and allocations.
Within the first two months of 2017, 60% of the goods for the project "Al Hamema" have already been delivered to Saudi Arabia and the remaining 40% will be delivered within the first quarter. Customer payments for this project worth US-$ 3.3 million are mostly secured by letter of credit.
Due to stock fill-up with goods, the CEO expects a week second quarter 2017. Deliveries for projects in China will not start before forth quarter. Reaching the targets will be mainly depending of starting up the production in Nantong on schedule. Upon reaching the targeted turn-over, the company will have a positive cash flow from operating business activities in 2017.
ItN Nanovation AG
The Management Board
Contact:
ItN Nanovation AG
Lutz Bungeroth/CEO
Untertürkheimer Str. 25
66117 Saarbrücken
Tel.: +49 (0) 681/5001-460
Fax: +49 (0) 681/5001-499
Email: ir@itn-nanovation.com
www.itn-nanovation.com
