to 2019, to roughly EUR54.6 million as at the end of the 2020 financial year (previous year: EUR88.9 million). Cash inflows
increased substantially in 2020 due to successful initiatives for improving working capital management and due to
diligent investment management. The free cash flow rose by 76.3% to EUR34.2 million (previous year: EUR19.4 million).
Positive outlook for 2021
The Management Board will continue the strategic realignment of the KAP Group consistently in 2021. The aim of it is to
create the basis for a long-term, sustainable improvement in profitability. The focus of this process is mainly on
strengthening sales, maintaining efficiency initiatives and optimising the portfolio with targeted mergers and
acquisitions. The Management Board is forecasting revenue between EUR300 and 330 million and normalised EBITDA of EUR27 to
33 million for the continuing operations (excluding the it/services segment) for the 2021 financial year. This forecast
does not consider impacts from the Covid-19 pandemic that cannot be foreseen beyond the first half of 2021.
The 2020 Annual Report is available to download at: https://www.kap.de/en/investor-relations/reports/annual-reports.
Contact:
KAP AG
Marten Julius (CFO)
E: m.julius@kap.de
T: +49 661 103 715
Kirchhoff Consult AG
Nicole Schüttforth
E: nicole.schuettforth@kirchhoff.de
T: +49 40 609 186 64
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 2,700 employees in 12 countries. The
shares of KAP AG are listed on the Regulated Market of the Frankfurt Stock Exchange (Prime Standard, ISIN
DE0006208408).
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2021-04-23 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
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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: 1187843
End of News DGAP News Service
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1187843 2021-04-23
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(END) Dow Jones Newswires
April 23, 2021 09:14 ET (13:14 GMT)