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KAP AG
ISIN: DE0006208408
WKN: 620840
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KAP AG · ISIN: DE0006208408 · EQS - adhoc news (71 News)
Country: Germany · Primary market: Germany · EQS NID: 1708077
21 August 2023 06:01PM

ADJUSTMENT OF GUIDANCE FOR FISCAL YEAR 2023


EQS-Ad-hoc: KAP AG / Key word(s): Change in Forecast
KAP AG: ADJUSTMENT OF GUIDANCE FOR FISCAL YEAR 2023

21-Aug-2023 / 18:01 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


KAP AG: ADJUSTMENT OF GUIDANCE FOR FISCAL YEAR 2023

Fulda, 21 August 2023 –KAP AG („KAP“), listed, mid-sized industrial holding company (German securities identification number WKN 620840, ISIN DE0006208408) has today adjusted its guidance for revenue and normalised EBITDA for the full year 2023 based on current information for the second half of 2023.

Accordingly, significantly lower revenue and significantly lower normalised EBITDA are now predicted for the full year 2023, each with an anticipated year-on-year deviation in the low double-digit percentage range. Previously, revenue and normalised EBITDA were expected to be slightly above the previous year. In the previous year, excluding the divested companies of the flexible films segment, revenue of €360.1 million and normalised EBITDA of €23.5 million were generated.

The main reason for the adjustment is that KAP no longer expects the economy to recover quickly after the summer break, as previously expected, following a weak second quarter of 2023. The economy is expected to remain at the current low level or to develop more sluggishly. This applies in particular to the markets relevant for KAP.

The Management Board

 

Notifying officer and investor relations contact
Kai Knitter
Head of Investor Relations & Corporate Communications
investorrelations@kap.de
+49 (0) 661 103 327


 


End of Inside Information

21-Aug-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


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, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1708077

 
End of Announcement EQS News Service

1708077  21-Aug-2023 CET/CEST

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(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

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