Saarbrücken - 29 August, 2014. ItN Nanovation AG (ISIN DE000A0JL461) has provided a basis for the further growth in the first half of 2014 and increased the turnover, the total output and the gross profit significantly. Thereby the figures of the reporting period were affected by the normal realization of the orders while in the previous year several special effects were the determined factor. The turnover increased by 33.7 per cent from 1.2 Mio. Euro to 1.6 Mio. Euro. With 88 per cent the turnover is mainly generated abroad - with the main focus in Saudi Arabia. The export turnover increased by 140 per cent in comparison to the period of the previous year. The big order from the Veolia group, announced in August 2014, is not contained naturally in the figures of the semi-annual report 2014. ItN´s gross profit increased significantly in the first half of 2014 by 72.4 per cent from almost 0.6 Mio. Euro to around 1.0 Mio. Euro. The gross profit marge improved from 46.9 per cent to 65.8 per cent.

Furthermore ItN has made significant progress in reference to the development of the technology basis in the first half year of 2014. By the new process for radium removal ItN is able to offer an advantageously alternative in comparison to other very expensive existing solutions. In addition to that ItN has begun to take measures for the expansion of the manufacturing capacities in order to be able to fulfil the requirements for the prompt realization of the concrete and expected big orders. This were the relevant factors for the increase of the other operating expenses from 1.3 Mio. Euro to 2.2 Mio. Euro. The consolidated result amounted to -3,1 Mio. Euro while in the previous year the result of -2,5 Mio. Euro was reported.

Based on earnings in the first half of the year 2014 the management board can look to the future with great optimism. ItN still expects a negative EBITDA within the lower or midrange Mio-EUR-level in 2014. The forecast of the cumulative turnover with the amount of around 15 to 20 Mio. Euro for 2014 and 2014 is still valid.

ItN Nanovation AG

The Management Board

Contact:
ItN Nanovation AG
Untertuerkheimer Str. 25
66117 Saarbruecken
Tel.: +49 (0) 681/5001-460
Fax: +49 (0) 681/5001-499
Email: ir@itn-nanovation.com
www.itn-nanovation.com

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