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    IUR   DE0006208408

KAP AG

(IUR)
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PRESS RELEASE : KAP AG: SUCCESSFUL SALE OF THE IT/SERVICES SEGMENT FOR STRATEGIC RESASONS AND CONCENTRATION ON THE CORE BUSINESS

06/29/2021 | 09:42am EDT
DGAP-News: KAP AG / Key word(s): Disposal 
KAP AG: SUCCESSFUL SALE OF THE IT/SERVICES SEGMENT FOR STRATEGIC RESASONS AND CONCENTRATION ON THE CORE BUSINESS 
2021-06-29 / 15:39 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
KAP AG: SUCCESSFUL SALE OF THE IT/SERVICES SEGMENT FOR STRATEGIC RESASONS AND CONCENTRATION ON THE CORE BUSINESS 
- Purchase price of around EUR22 million for growth financing 
- Systematic use of attractive M&A opportunities in the market 
- Outlook for 2021 confirmed: Revenue between EUR300 and 330 million and normalised EBITDA between EUR27 and 33 million 
(excluding it/services segment) at the upper end of the ranges announced 
Fulda, 29 June 2021 - KAP AG ("KAP"), a listed SME holding company (WKN 620840, ISIN DE0006208408), today successfully 
completed the sale of its it/services segment. Following the sale of the subsidiary MEHLER Engineering und Service GmbH 
to its former management with effect as of 1 January 2021, KAP today signed an agreement on the sale of it-novum GmbH 
("it-novum") to a company of Allgeier SE with effect as of 30 June 2021. The purchase price (enterprise value) is 
around EUR22 million and results in a multiple of 9.5 on normalised EBITDA. 
Optimisation of financial leeway to expand the industrial core segments 
Following this year's successful sale of properties at the Fulda site that are not strategically relevant, it has now 
been possible to realise the sale of it/services as the next step. KAP has now completed the sale of the it/services 
segment and thus implemented a core element of a KAP strategic initiative within the "Accelerate" programme, which puts 
the focus of its investments even more strongly on high-margin industrial manufacturing companies in attractive niche 
markets. The proceeds received are to be used for targeted high-growth add-on acquisitions in the core segments. 
Eckehard Forberich, Member and Spokesman of the Management Board of KAP AG: "We are convinced that it-novum and its 
entire workforce can be very well integrated into Allgeier SE and optimally developed. We would like to expressly thank 
the management and the entire workforce for their hard work, which made a decisive contribution to the KAP Group's 
success in the past few years. By successfully selling the it/services segment, we achieved an important milestone in 
our medium-term strategy. There are currently increasingly attractive M&A opportunities for the KAP Group's industrial 
segments in the market, and we want to systematically exploit them." 
Management Board confirms outlook for 2021 
Having concluded the transaction, the Management Board confirms its most recent forecast for the 2021 financial year, 
which was published in May and had already been prepared without taking into account the it/services segment's 
operating income. For the current financial year, the Management Board thus continues to expect consolidated revenue 
between EUR300 and 330 million and normalised EBITDA between EUR27 and 33 million (excluding the it/services segment) at 
the upper end of the ranges announced. The forecast includes already foreseeable risks that may still result from the 
COVID pandemic. 
 
Contact: 
KAP AG 
Kai Knitter 
Head of Investor Relations & Corporate Communications 
k.knitter@kap.de 
+49 661 103 327 
 
About KAP AG 
KAP 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 four different business areas: engineered products, flexible films, surface 
technologies and precision components. 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 a stable dividend. The group currently has 29 locations and around 2,300 employees in 12 countries. The 
shares of KAP AG are listed on the Regulated Market of the Frankfurt Stock Exchange (Prime Standard, ISIN 
DE0006208408). 
=---------------------------------------------------------------------------------------------------------------------- 
2021-06-29 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:  1213257 
 
End of News   DGAP News Service 
=------------ 

1213257 2021-06-29

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1213257&application_name=news 
 

(END) Dow Jones Newswires

June 29, 2021 09:41 ET (13:41 GMT)

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Financials
Sales 2020 323 M 378 M 378 M
Net income 2020 -2,96 M -3,47 M -3,47 M
Net Debt 2020 54,9 M 64,2 M 64,2 M
P/E ratio 2020 -36,4x
Yield 2020 5,40%
Capitalization 213 M 250 M 249 M
EV / Sales 2019 0,70x
EV / Sales 2020 0,50x
Nbr of Employees 2 297
Free-Float 16,6%
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Managers and Directors
Alexander Riedel Chief Financial Officer
Christian Schmitz Chairman-Supervisory Board
Fried M÷ller Deputy Chairman-Supervisory Board
Uwe Stahmer Member-Supervisory Board
Roy Bachmann Member-Supervisory Board
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