Fulda

EQS-News: KAP AG: NEW APPOINTMENT TO THE BOARD SIGNALS CONTINUITY – DR. HARTMUT SAUER NEW MEMBER OF THE MANAGEMENT BOARD 

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Friday, September 29, 2023
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KAP AG: NEW APPOINTMENT TO THE BOARD SIGNALS CONTINUITY – DR. HARTMUT SAUER NEW MEMBER OF THE MANAGEMENT BOARD

Key Points: 
  • KAP AG: NEW APPOINTMENT TO THE BOARD SIGNALS CONTINUITY – DR. HARTMUT SAUER NEW MEMBER OF THE MANAGEMENT BOARD
    The issuer is solely responsible for the content of this announcement.
  • Fulda, 29 September 2023 – The Supervisory Board of KAP AG (“KAP”), a listed, medium-sized industrial holding company (German securities identification number: WKN 620840; ISIN DE0006208408), appointed Dr. Hartmut Sauer (56) to the company’s Management Board for a period of three years initially.
  • In addition, Marten Julius was named Spokesman of the Management Board.
  • We are therefore delighted to be able to appoint to our Management Board Dr. Sauer, an experienced and respected expert from within the company.

EQS-News: KAP AG: DEVELOPMENT IN THE FIRST HALF OF 2023 IN LINE WITH EXPECTATIONS

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Tuesday, August 29, 2023
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Nevertheless, the company believes to be strategically on track following the sale of a subsection of the flexible films segment completed in April 2023.

Key Points: 
  • Nevertheless, the company believes to be strategically on track following the sale of a subsection of the flexible films segment completed in April 2023.
  • On a comparable basis (without the contribution to revenue of the companies divested in April 2023), revenue decreased by 5.8% to €180.9 million (previous year: €192.0 million).
  • Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased in the reporting period by 87.3% to €60.3 million (previous year: €32.2 million).
  • The normalised EBITDA margin improved in the first half of 2023 to 6.0% (previous year: 3.2%).

EQS-News: ECKEHARD FORBERICH LEAVES KAP AG

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Wednesday, August 9, 2023
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Fulda, 9 August 2023 – Eckehard Forberich, Spokesman of the Management Board of KAP AG (“KAP”), a listed, medium-sized industrial holding company (German securities identification number: WKN 620840, ISIN DE0006208408), is leaving the company with immediate effect.

Key Points: 
  • Fulda, 9 August 2023 – Eckehard Forberich, Spokesman of the Management Board of KAP AG (“KAP”), a listed, medium-sized industrial holding company (German securities identification number: WKN 620840, ISIN DE0006208408), is leaving the company with immediate effect.
  • “We would like to expressly thank Eckehard Forberich for his commitment and substantial contributions to the further development of KAP over the past years.
  • “The Management Board and the company have benefited enormously from Eckehard Forberich’s professional expertise.
  • We will miss him on the Management Board and in the company,” adds KAP CFO Marten Julius.

EQS-News: KAP AG APPLIES TO MOVE TO GENERAL STANDARD SEGMENT OF DEUTSCHE BÖRSE’S REGULATED MARKET

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Monday, July 24, 2023
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The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • Fulda, 24 July 2023 – The shares of KAP AG (“KAP”), a listed, medium-sized industrial holding company (German securities identification number: WKN 620840; ISIN DE0006208408), are currently admitted to stock exchange trading on the regulated market of the Frankfurt Stock Exchange and also admitted to a subsegment of the Frankfurt Stock Exchange’s regulated market with additional post-admission obligations (Prime Standard).
  • With the approval of the Supervisory Board, KAP AG’s Management Board today decided to apply for withdrawal of admission to stock exchange trading in the Prime Standard of the Frankfurt Stock Exchange.
  • The segment change, as a result of which the additional post-admission obligations of the marketplace will no longer apply, is intended to realise cost savings.

EQS-News: KAP AG’S ANNUAL GENERAL MEETING APPROVES DIVIDEND

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Friday, July 14, 2023
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Fulda, 14 July 2023 – The shareholders of KAP AG (“KAP”), a listed, medium-sized industrial holding company (German securities identification number: WKN 620840; ISIN DE0006208408), today voted on all proposed resolutions at the Company’s 37th Annual General Meeting.

Key Points: 
  • Fulda, 14 July 2023 – The shareholders of KAP AG (“KAP”), a listed, medium-sized industrial holding company (German securities identification number: WKN 620840; ISIN DE0006208408), today voted on all proposed resolutions at the Company’s 37th Annual General Meeting.
  • For the first time in four years, the meeting was held in person again.
  • This move yet again underscores KAP AG’s attractive and sustainable dividend policy.
  • Additional resolutions adopted by the Annual General Meeting included the exoneration of the Management Board and the Supervisory Board, the election of the auditor and group auditor for the 2023 financial year and the approval of the remuneration report.

EQS-News: KAP AG MAKES GOOD START TO THE YEAR – REVENUE AND NORMALISED EBITDA UP IN THE FIRST QUARTER OF 2023

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Saturday, May 27, 2023
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Earnings before interest, taxes, depreciation and amortisation (EBITDA) decreased from €10.5 million to €9.5 million.

Key Points: 
  • Earnings before interest, taxes, depreciation and amortisation (EBITDA) decreased from €10.5 million to €9.5 million.
  • Accordingly, the margin based on normalised EBITDA was 10.2% (previous year: 9.9%), thus returning above the minimum target margin of 10%.
  • Revenue reached €15.1 million in the first quarter of 2023 (previous year: €10.9 million); normalised EBITDA rose to €1.3 million (previous year: €0.6 million).
  • For the 2023 financial year, the Management Board continues to expect a slight year-on-year increase in revenue as well as in normalised EBITDA.

EQS-News: KAP SIGNIFICANTLY INCREASES REVENUE IN 2022

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Friday, April 28, 2023
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Fulda, 27 April 2023 – KAP AG (“KAP”), a mid-sized industrial holding company listed on the stock exchange, achieved its guidance forecast in the 2022 financial year despite challenging economic conditions.

Key Points: 
  • Fulda, 27 April 2023 – KAP AG (“KAP”), a mid-sized industrial holding company listed on the stock exchange, achieved its guidance forecast in the 2022 financial year despite challenging economic conditions.
  • Excluding the contribution to revenue from the acquisition of Haogenplast, this corresponds to organic revenue growth of 11.4%.
  • Eckehard Forberich, member and Spokesman of the Management Board of KAP AG: “2022 was characterised by manifold challenges such as significant price increases, macroeconomic headwinds and, in some cases, collapsing markets of our end customers.
  • Nevertheless, the segment recorded a 17.5% increase in revenue in the 2022 financial year to €45.6 million (previous year: €38.8 million).

EQS-News: KAP CLOSES SALE OF PART OF THE FLEXIBLE FILMS SEGMENT

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Friday, April 21, 2023
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Fulda, 21 April 2023 – KAP AG (“KAP”), a listed, medium-sized industrial holding company (German securities identification number: WKN 620840; ISIN DE0006208408), today closed the announced sale of a subsection of its flexible films segment to Kingspan Holding GmbH, a company of Kingspan Group Plc., Ireland.

Key Points: 
  • Fulda, 21 April 2023 – KAP AG (“KAP”), a listed, medium-sized industrial holding company (German securities identification number: WKN 620840; ISIN DE0006208408), today closed the announced sale of a subsection of its flexible films segment to Kingspan Holding GmbH, a company of Kingspan Group Plc., Ireland.
  • The sold operating companies are CaPlast Kunststoffverarbeitungs GmbH with its investee AerO Coated Fabrics B.V. and NOW Contec GmbH & Co. KG.
  • The net proceeds from the sale are in the upper double-digit million euro range.
  • Eckehard Forberich, member and Spokesman of the Management Board of KAP AG: “With the divestment, KAP is continuing to follow its strategy as planned and increasing its financial flexibility.

EQS-News: KAP ACHIEVES SIGNIFICANT INCREASE IN REVENUE IN THE 2022 FINANCIAL YEAR 

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Thursday, March 16, 2023
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Revenue was thus significantly up on the level of the 2021 financial year by around one-quarter.

Key Points: 
  • Revenue was thus significantly up on the level of the 2021 financial year by around one-quarter.
  • Excluding the contribution to revenue from the Haogenplast acquisition, this corresponds to organic revenue growth of about 11,1 %.
  • Strengthened by the acquisition of Haogenplast completed in February 2022, the flexible films segment also showed significant double-digit revenue and earnings growth.
  • It will also include the forecast for the 2023 financial year and the dividend for the 2022 financial year proposed to the Annual General Meeting.

EQS-News: KAP AG SELLS A SUBSECTION OF THE FLEXIBLE FILMS SEGMENT’S AT A PROFIT

Retrieved on: 
Saturday, March 11, 2023
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Fulda, 06 March 2023 – KAP AG (“KAP”), a listed, medium-sized industrial holding company (German securities identification number: WKN 620840, ISIN DE0006208408), together with its subsidiary Mehler AG, today entered into an agreement to sell a subsection of its flexible films segment to Kingspan Holding GmbH, a company of Kingspan Group Plc., Ireland.

Key Points: 
  • Fulda, 06 March 2023 – KAP AG (“KAP”), a listed, medium-sized industrial holding company (German securities identification number: WKN 620840, ISIN DE0006208408), together with its subsidiary Mehler AG, today entered into an agreement to sell a subsection of its flexible films segment to Kingspan Holding GmbH, a company of Kingspan Group Plc., Ireland.
  • Eckehard Forberich, member and Spokesman of the Management Board of KAP AG: “The sale was preceded by a review of all strategic options and growth opportunities for the flexible films segment.
  • The subsegment of KAP flexible films is specialised in the high tech coating solutions for the construction business and other highly attractive niche markets.
  • By selling them at a profit, KAP has been able to realise a considerable appreciation in value in the interest of its stakeholders.