UK markets close in 2 hours 49 minutes

KAP AG (0EWJ.L)

YHD - YHD Delayed price. Currency in USD
Add to watchlist
393,235,008.00+27.26 (+0.00%)
At close: 6:07PM EDT
Full screen
Previous closeN/A
YTD returnN/A
Expense ratio (net)N/A
CategoryN/A
Last cap gainN/A
Morningstar ratingN/A
Morningstar risk ratingN/A
Sustainability ratingN/A
Net assetsN/A
Beta (5Y monthly)N/A
YieldN/A
5y average returnN/A
Holdings turnoverN/A
Last dividendN/A
Average for categoryN/A
Inception dateN/A
  • EQS Group

    KAP AG STRENGTHENS EXTRUSION COATING EXPERTISE IN THE FLEXIBLE FILMS SEGMENT WITH ACQUISITION OF DUTCH COMPANY AERO COATED FABRICS B.V.

    DGAP-News: KAP AG / Key word(s): Investment17.02.2021 / 16:39 The issuer is solely responsible for the content of this announcement.KAP AG STRENGTHENS EXTRUSION COATING EXPERTISE IN THE FLEXIBLE FILMS SEGMENT WITH ACQUISITION OF DUTCH COMPANY AERO COATED FABRICS B.V.Fulda, 17 February 2021 - KAP AG ("KAP"), a listed, mid-sized industrial group, today announced the completion of an agreement to acquire a majority stake in AerO Coated Fabrics B.V. ("AerO") in the flexible films segment. AerO is a highly specialised extrusion company and manufacturer of thermoplastic composite materials based in the Netherlands. KAP holds an 80% stake that will be successively increased to 100%. The company, founded in 2017, has state-of-the-art production plants and an innovative range of products in the field of cured-in-place pipe (CIPP) liners (trenchless pipe rehabilitation), agricultural applications, partitioning systems and special flooring. The expertise and long-term experience of the management along with highly trained employees have enabled the company to successfully occupy highly attractive niche markets in a short space of time. Organisationally, AerO is attached to CaPlast Kunststoffverarbeitungs GmbH. AerO generates highly profitable sales in the single-digit million range and has consistently achieved disproportionally growth over the last years.Frederik Schaefer, Head of flexible films segment and Managing Director of CaPlast GmbH: "We are delighted with this successful acquisition and are looking forward to working with our new colleagues. AerO and in particular its team are a perfect fit for KAP flexible films. This acquisition will enable us to expand our leading market position in attractive niche markets further and also tap into new niche markets with joint sales and development work. Joint developments in the field of thermoplastic elastomer (TPO) tarpaulins, for agricultural applications, for instance, are already showing initial successes and make us very confident about the future."Rinus Aerts, Managing Partner of AerO Coated Fabrics: "This is the right path for our company to take. The expertise of KAP flexible films will support and accelerate our strong growth. Our mutual trust will ensure the transformation process is smooth and uncomplicated. The countless synergies that arise from the merger, particularly in the fields of procurement as well as development and sales, make KAP flexible films the ideal partner for our customers and my team and me."With the acquisition of AerO, the KAP Group strengthens its high level of expertise in the field of extrusion coatings in the flexible films segment and successfully implements its transformation strategy. This targeted add-on acquisition will strengthen KAP AG's leading position in niche markets with promising future prospects. Contact:KAP AGEckehard ForberichE: e.forberich@kap.deT: +49 661 103 715Kirchhoff Consult AGNicole SchüttforthE: nicole.schuettforth@kirchhoff.deT: +49 40 609 186 64About KAP AGKAP AG is a listed industrial group in the upper midsize market that offers attractive growth opportunities in its respective niche markets. KAP AG focuses on five different business areas: engineered products, flexible films, surface technologies, precision components and it/services. Through targeted acquisitions, the company strengthens its existing business areas or exploits new market opportunities. KAP allows its shareholders to participate in its long-term profitable growth through an earnings-oriented dividend. The group currently has 29 locations and around 2,700 employees in 12 countries. The shares of KAP AG are listed on the Regulated Market of the Frankfurt Stock Exchange (Prime Standard, ISIN DE0006208408). 17.02.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de 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: 1168968 End of News DGAP News Service

  • EQS Group

    KAP AG SELLS COMMERCIAL PROPERTY IN FULDA

    KAP AG / Key word(s): MiscellaneousKAP AG SELLS COMMERCIAL PROPERTY IN FULDA 16-Feb-2021 / 23:37 CET/CESTDisclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.KAP AG SELLS COMMERCIAL PROPERTY IN FULDA Fulda, 16 February 2021 - KAP AG has today concluded a contract for the sale of its commercial property in Fulda, Germany. The land and buildings were sold to CPI Falcon GmbH and the operating facilities to CPI Falcon II GmbH, both affiliated companies of Captiva GmbH, a real estate investment and asset manager for institutional investors. The floor areas used by KAP and its subsidiaries were leased back on the basis of long-term rental agreements. The net proceeds are in the lower double-digit million Euro range. The completion is subject to various conditions customary in the market and is targeted for the end of November 2021 at the latest. With the sale, KAP Group increases its financial flexibility in order to be able to grow organically and externally within the strategic orientation of its business areas.Contact:KAP AGEckehard ForberichE: e.forberich@kap.deT: +49 661 103 715Kirchhoff Consult AGNicole SchüttforthE: nicole.schuettforth@kirchhoff.deT: +49 40 609 186 64Information and Explanation of the Issuer to this News:About KAP AGKAP AG is a listed industrial group in the upper midsize market that offers attractive growth opportunities in its respective niche markets. KAP AG focuses on five different business areas: engineered products, flexible films, surface technologies, precision components and it/services. Through targeted acquisitions, the company strengthens its existing business areas or exploits new market opportunities. KAP allows its shareholders to participate in its long-term profitable growth through an earnings-oriented dividend. The group currently has 29 locations and around 2,700 employees in 12 countries. The shares of KAP AG are listed on the Regulated Market of the Frankfurt Stock Exchange (Prime Standard, ISIN DE0006208408). 16-Feb-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de 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: 1168758 End of Announcement DGAP News Service

  • EQS Group

    BUSINESS DEVELOPMENT OF KAP AG RECOVERS IN THE THIRD QUARTER IN SOME AREAS FASTER THAN EXPECTED

    DGAP-News: KAP AG / Key word(s): 9 Month figures/Quarterly / Interim Statement16.11.2020 / 12:56 The issuer is solely responsible for the content of this announcement.BUSINESS DEVELOPMENT OF KAP AG RECOVERS IN THE THIRD QUARTER IN SOME AREAS FASTER THAN EXPECTED  In some areas faster recovery from corona burdens than expected Revenues decrease by 11% to nearly EUR 260 million in the first nine months of 2020 Adjusted EBITDA of EUR 27.2 million only slightly below previous year Adjusted EBITDA margin up to 10.5% Forecast for full year 2020 confirmed: Revenue between EUR 300 and 330 million and adjusted EBITDA of EUR 27 to 30 millionFulda, 16 November 2020 - KAP AG, a listed, mid-sized industrial group, today publishes its results for the first nine months of the financial year 2020. Due to the COVID-19 pandemic that emerged in the first quarter and its severe effects, the business of the KAP Group developed weaker in the nine-month period than in the previous year. Following significant declines in sales volumes in the first half of 2020 - especially in the segments highly dependent on the automotive sector - signs of recovery were noticeable in our segments in the third quarter.Revenue decreased in the first nine months by 10.8% to EUR 258.1 million (previous year: EUR 289.5 million). Adjusted earnings before interest, taxes, depreciation, and amortization ("adjusted EBITDA") fell by 2.5% to EUR 27.2 million (previous year: EUR 27.9 million). The adjusted EBITDA margin was thus 10.5%, meaning it was 0.9 percentage points higher than the previous year's figure (previous year: 9.6%) and above the target value of 10%."2020 has so far been dominated by the new challenges posed by the COVID-19 pandemic. The fact that our business development recovered more quickly than expected in the third quarter makes us confident and shows us that we have taken the rights steps to limit the effects of the pandemic", explains Eckehard Forberich, Member and Speaker of the Management Board of KAP AG.Automotive-focused segments more affected by the COVID 19 pandemicThe engineered products segment continues to be severely affected by the impact of the COVID-19 pandemic in the third quarter. Revenue for the first nine months of 2020 decreased by 16.4% to EUR 99.5 million (previous year: EUR 119.0 million). In particular, temporary production shutdowns by customers in China, India and the USA due to the coronavirus had a negative impact on the segment. The resumption of production only made slow progress. EBITDA fell to EUR -5.6 million due to restructuring expenses (previous year: EUR 4.0 million). KAP AG is continuing the planned restructuring of the segment to sustainably improve profitability.In the flexible films segment, revenue in the first nine months of 2020 rose by 10.0% year-on-year to EUR 77.8 million (previous year: EUR 70.7 million). The increase is partly due to the new sales opportunities arising in the field of protective clothing in medical applications, which the segment also successfully made use of in the third quarter. In addition, business in the areas affected by COVID-19 has recovered faster than expected. EBITDA improved by 47.7% to EUR 12.7 million (previous year: EUR 8.6 million).In the surface technologies segment, revenues in the first nine months of 2020 fell significantly by 20.9% to EUR 38.9 million (previous year: EUR 49.2 million). Due to the COVID-19 pandemic, the automotive sector experienced a significant slump in demand. However, business in this segment also recovered faster than expected in the third quarter. EBITDA rose by 36.1% to EUR 13.2 million (previous year: EUR 9.7 million) due to non-recurring effects totaling EUR 6.6 million. At EUR 6.6 million, adjusted EBITDA was down 27.5% (previous year: EUR 9.1 million).The revenue development in the automotive-oriented precision components segment is strongly influenced by the effects of the pandemic. Despite the signs of recovery in the third quarter, revenue for the nine-month period fell by 26.7% to EUR 28.3 million (previous year: EUR 38.6 million). EBITDA fell accordingly by 73.8% to EUR 1.1 million (previous year: EUR 4.2 million). Adjusted EBITDA amounted to EUR 0.8 million (previous year: EUR 3.7 million).By contrast, revenue in the it/services segment increased by 9.3% to EUR 16.5 million in the first nine months of 2020 (previous year: EUR 15.1 million). No significant effects of the pandemic were noticed in the third quarter either. EBITDA rose to EUR 3.1 million (previous year: EUR 1.9 million).Forecast for the 2020 financial year confirmedFor full year 2020, the Management Board continues to expect revenues between EUR 300 and 330 million and adjusted EBITDA of EUR 27 to 30 million. This does not take into account any currently unforeseeable further worsening of the COVID-19 pandemic and its impact on the KAP Group's business.The complete Q3 interim statement 2020 is available on the company's website at www.kap.de/en/investor-relations/reports/quarterly-statements.Contact:KAP AGEckehard ForberichE: e.forberich@kap.deT: +49 661 103 715Kirchhoff Consult AGNicole SchüttforthE: nicole.schuettforth@kirchhoff.deT: +49 40 609 186 64 About KAP AGKAP AG is a mid-sized German industrial group with approximately 2,700 employees. We specialise in engineered products, flexible films, IT/services, surface technologies and precision components, developing innovative industrial products and technological solutions for international companies from trade and industry. As a result of our dedicated long-term business strategy, we serve a number of attractive niche markets with sustainable growth potential. Our focus is on developing market-leading, specialised, and high-margin industrial product lines within these segments. As a reliable partner in the context of succession planning, we also acquire attractively positioned medium-sized family companies with a view to strengthening our existing segments or developing new ones. Holders of KAP shares benefit from our company's growth trajectory and continuous dividend policy. 16.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de 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: 1148160   End of News DGAP News Service