22.01.2020 KAP AG  DE0006208408

DGAP-Adhoc: KAP AG: KAP AG PLANNING EXTENSIVE REORGANISATION OF THE ENGINEERED PRODUCTS SEGMENT


 

DGAP-Ad-hoc: KAP AG / Key word(s): Restructure of Company
KAP AG: KAP AG PLANNING EXTENSIVE REORGANISATION OF THE ENGINEERED PRODUCTS SEGMENT

22-Jan-2020 / 21:54 CET/CEST
Disclosure 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.


Publication of insider information pursuant to Art. 17 MAR
KAP AG (WKN 620840, ISIN DE0006208408)


KAP AG PLANNING EXTENSIVE REORGANISATION OF THE ENGINEERED PRODUCTS SEGMENT

Fulda, 22 January 2020 - KAP AG's Management Board and Supervisory Board today decided on an extensive reorganisation of the engineered products segment. The reorganisation measures target the sustainable improvement of profitability in this segment. In order to achieve this, operating activities with a negative contribution margin will be abandoned. KAP AG is therefore planning the complete closure of the Fulda site, whose focus is on the production of cord fabric, and of a site in the Czech Republic, where in particular soft cords and raw twines are produced. Moreover, another site in the Czech Republic that manufactures tents and technical fabrics is to be sold. The above activities accounted for revenue totalling around EUR 40 million in the 2019 financial year. We currently expect the expenses associated with the aforementioned reorganisation measures only to affect the Group's development in the 2020 financial year and to be in the single-digit millions, while the liquidity situation is more likely to improve over the same period due to releases in current assets.

The Management Board expects to see positive effects from taking the reorganisation measures as early as in the 2021 financial year.



Contact
KAP AG
Dr Alexander Riedel
E: [email protected]
T: +49 661 103 590

Kirchhoff Consult AG
Michael Werneke
E: [email protected]
T: +49 40 609 186 34

About KAP
KAP AG is a mid-sized German industrial group with approximately 3,000 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.




 

22-Jan-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: KAP AG
Edelzeller Straße 44
36043 Fulda
Germany
Phone: 06611030
Fax: 0661103830
E-mail: [email protected]
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: 959181

 
End of Announcement DGAP News Service

959181  22-Jan-2020 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 374,49 385,78 407,52 389,83 372,80 322,66 317,00
EBITDA1,2 34,65 34,20 47,30 37,90 36,17 34,14 31,00
EBITDA-Marge3 9,25 8,87 11,61 9,72 9,70 10,58 9,78
EBIT1,4 12,04 17,99 28,34 13,84 -10,58 4,18 3,00
EBIT-Marge5 3,22 4,66 6,95 3,55 -2,84 1,30 0,95
Jahresüberschuss1 1,52 12,75 30,98 14,75 -14,12 -2,68 -3,50
Netto-Marge6 0,41 3,30 7,60 3,78 -3,79 -0,83 -1,10
Cashflow1,7 22,39 29,13 25,39 20,68 35,51 55,21 0,00
Ergebnis je Aktie8 0,14 1,82 4,68 2,05 -1,82 -0,35 -0,45
Dividende8 1,00 2,00 2,00 2,00 0,00 1,75 0,50
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Mazars

INVESTOR-INFORMATIONEN
©boersengefluester.de
KAP
WKN Kurs in € Einschätzung Börsenwert in Mio. €
620840 26,600 Halten 206,62
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
29,56 9,74 3,06 17,91
KBV KCV KUV EV/EBITDA
1,49 3,74 0,64 8,19
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
Hauptversammlung
0,00 1,75 6,58 30.09.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
25.05.2021 24.09.2021 24.11.2021 23.04.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
15,89% 41,43% 91,37% 107,81%
    
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Mode/Textil , 620840 , IUR , XETR:IUR