Nanofilm Technologies’ revenue grows 12% YoY in Q1

Its Advanced Materials Business Unit remained the largest revenue contributor.

Nanofilm Technologies’ revenue grew by 12% year-on-year to $44m during the first quarter of the year.

The Group's Advanced Materials Business Unit (AMBU), which increased by 11% YoY, remained the largest revenue contributor, accounting for 89% of its revenue.

Within AMBU, 3C1 climbed by 6%, and Automotive increased by 6% and by 15% YoY, respectively.

Other Industrial segments, with contribution from EuropCoating Group, up by 34% YoY.

Meanwhile, the Nanofabrication Business Unit (NFBU) soared by 49% YoY, whilst Sydrogen Energy surged by 158% YoY.

Group growth was moderated by the Industrial Equipment Business Unit, which contracted by 24% YoY due to equipment deliveries.

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