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Nanogate AG (N7GG.F)

N7GG.F on Frankfurt Stock Exchange

43.90EUR
24 Mar 2017
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€0.25 (+0.56%)
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Latest Key Developments (Source: Significant Developments)

Nanogate raises forecast for 2017 and exceeds planning for 2016
Thursday, 26 Jan 2017 04:56am EST 

Nanogate AG : Nanogate raises forecast for 2017 and exceeds planning for 2016 . According to this, 2016 group sales are expected to rise to more than 160 million euros ($171.55 million)instead of minimum 150 million euros projected to date. . Expects consolidated EBITDA to increase to at least eur 18 million in 2017 fiscal year, despite transaction and integration costs . Reason for higher sales forecast is now year-long consolidation of new majority holding in nanogate jay systems llc, after it had originally been expected only from April 1, 2017 . In past 2016 fiscal year, nanogate surpassed its original planning, with group sales of around 110 million euros according to preliminary .Fy consolidated EBITDA climbed, as announced, to more than 12 million euros, despite transaction and integration costs for two acquisitions.  Full Article

Nanogate completes Jay Plastics deal, comments on FY 2017 outlook
Monday, 9 Jan 2017 04:37am EST 

Nanogate AG : Transaction to acquire the majority of Jay Plastics completed . Jump in sales and higher profitability expected as early as 2017 . As early as this year, sales are expected to increase to more than 150 million euros ($158 million), as had already been announced by group when signing agreement .EBITDA is also expected to improve in 2017, despite costs of transaction and integration.  Full Article

Nanogate acquires Jay Plastics, its first US subsidiary
Monday, 5 Dec 2016 09:14am EST 

Nanogate AG : Acquires Jay Plastics, its first US subsidiary, expects growth leap and establishes itself as a global provider . Nanogate is acquiring a majority stake of around 80 percent in Jay Plastics, plastics division of Jay Industries, Inc., Mansfield, Ohio, USA . Once transaction has been completed, Nanogate group expects an immediate jump in sales to more than 150 million euros ($160.56 million) as well as direct access to an international market worth billions . Expects to strengthen its earnings power by 2017 already, based on two companies' planned synergies and possible new product projects . Purchase price is in mid double-digit million range; is expected to pay around 25 percent of purchase price in shares . Nanogate group's EBITDA should increase significantly once acquisition has been completed and improve by as early as 2017 despite transaction and integration costs . Consolidation into group financial statements is expected in Q1 of 2017 .Nanogate will publish a detailed annual forecast for 2017 as well as an updated medium-term plan upon completion of transaction.  Full Article

Nanogate enters electromobility market
Thursday, 24 Nov 2016 08:36am EST 

Nanogate AG : Enters electromobility market .Multi-Year order has a volume in low single-digit million range - supply of high-quality design surfaces for charging stations for electric cars made by a luxury manufacturer.  Full Article

Nanogate confirms FY 2016 forecast
Wednesday, 28 Sep 2016 01:26am EDT 

Nanogate AG :Forecast confirmed for 2016 as a whole.  Full Article

Nanogate H1 EBIT up at 2.2 million euros
Wednesday, 31 Aug 2016 05:01am EDT 

Nanogate AG : For first half of 2016, provisional figures show sales rising by more than 17% to over 51 million euros (previous year: 43.3 million euros) . H1 EBIT saw particularly strong growth of around 30% to just over 2.2 million euros(previous year: 1.7 million euros) . Has affirmed its forecast for sales and operating result (EBITDA) as published in April 2016 . Due to good overall performance and positive effects from reduced obligations for subsidiaries, nanogate also expects half-yearly result to at least double .Expects consolidated net income for year as a whole to rise particularly strongly year on year.  Full Article

Nanogate says capital increase carried out
Thursday, 14 Jul 2016 03:46am EDT 

Nanogate AG : Capital increase carried out . Company's share capital increased from current 3,377,716.00 euros by 331,454.00 euros to 3,709,170.00 euros ($4.12 million)by issuing 331,454 new no-par-value shares . New shares were privately placed at a placement price of 30.00 euros per share . Capital increase was significantly oversubscribed .Intends to utilise cash inflow to finance its planned growth in additional technology and capacities.  Full Article

Nanogate to increase share capital to up to EUR 3.7 mln
Wednesday, 13 Jul 2016 11:45am EDT 

Nanogate AG : Capital increase agreed . To increase company's share capital from current 3,377,716.00 euros by up to 331,454.00 euros to up to 3,709,170.00 euros ($4.12 million) . Increase capital by issuing up to 331,454 new no-par value shares via partial utilisation of existing authorised capital against contribution in cash . New shares are to be privately placed at a placement price of 30.00 euros per share . Intends to utilise cash inflow to finance its planned growth in additional technology and capacities .Revenue shall also be used to partly refinance april 2016 acquisition of a 75 percent stake in plastics specialist Goletz.  Full Article

Nanogate expands US business
Thursday, 9 Jun 2016 04:37am EDT 

Nanogate AG : Significant expansion of U.S. business . Group is supplying a car manufacturer with glazing components to be built into exterior of vehicles . Has seen a significant increase in sales in the U.S. .Order has an annual volume in mid-single-digit million euro range.  Full Article

Nanogate receives EUR 20 mln order from a luxury car manufacturer
Thursday, 19 May 2016 01:58am EDT 

Nanogate AG : Major million-euro order in systems business with enhanced plastic components . Received a multi-year order from a luxury car manufacturer . Order volume worth more than 20 million euros ($22.42 million) .Nanogate will start delivering interior parts for centre console of an SUV in 2017.  Full Article

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