KAP AG
KAP AG 2019 annual results shaped by difficult market environment
DGAP-News: KAP AG
/ Key word(s): Preliminary Results
KAP AG 2019 ANNUAL RESULTS SHAPED BY DIFFICULT MARKET ENVIRONMENT
Fulda, 13 March 2020 – According to preliminary figures for the 2019 financial year, KAP AG, a listed medium-sized industrial group, generated revenue of EUR 372.8 million (previous year: EUR 389.8 million). This means revenue is within the forecast last updated in November of EUR 365 to 375 million. At EUR 31.9 million, adjusted earnings before interest, tax, depreciation and amortisation (“adjusted EBITDA”) is also within the communicated forecast of EUR 29 million to 33 million. “In the last year, we’ve shown that we have a well-diversified investment portfolio that at least partially cushions against negative market developments. In the current year, it’s now about working on improving our operating performance, particularly in the engineered products and precision components segments,” comments Dr Alexander Riedel, CFO of KAP AG. Preliminary adjusted EBITDA margin of 8.6% below previous year’s level Demand from the automotive sector in particular declined noticeably in the second half of the year, meaning that the engineered products and precision components segments both performed less well than in the previous year due to fewer requests from customers. The flexible films and IT/services segments, by contrast, were able to hold their ground at an operational level and overall were able to benefit from their good market position. Outlook 2020
Contact: Kirchhoff Consult AG About KAP
13.03.2020 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | KAP AG |
Edelzeller Straße 44 | |
36043 Fulda | |
Germany | |
Phone: | 06611030 |
Fax: | 0661103830 |
E-mail: | office@kap.de |
Internet: | www.kap.de |
ISIN: | DE0006208408 |
WKN: | 620840 |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange |
EQS News ID: | 996963 |
End of News | DGAP News Service |