DGAP-News 133 0 Kommentare KAP AG SURPASSES REVENUE AND EARNINGS FORECAST DESPITE DIFFICULT MARKET ENVIRONMENT - Seite 3

Marten Julius, CFO of KAP AG: "We progressed well again in our strategic development, particularly in the optimisation of working capital management. That's made a significant contribution to good cash flow development and to reducing debt."

Proposed dividend of EUR 0.75 per share
Due to robust business performance and a solid financial position, the Management Board and Supervisory Board have decided to propose a dividend of EUR 0.75 per share to the Annual General Meeting despite the impact of the pandemic. This continues KAP AG's shareholder-friendly dividend policy. The dividend payment for the 2019 financial year was suspended last year due to the uncertainties in connection with the COVID-19 pandemic, which were difficult to assess at the time. This is now being made up for.

Acceleration of the transformation in the 2021 financial year
The Management Board will systematically continue the KAP Group's strategic realignment in 2021 in order to create the basis for a long-term and sustainable improvement in profitability. The focus in this process is largely on strengthening sales and continuing the efficiency measures. For the 2021 financial year, the Management Board expects revenue between EUR 300 and 330 million and normalised EBITDA of EUR 27 to 33 million. This forecast does not take into account the it/services segment's discontinued operations or the currently unpredictable impact of the COVID-19 pandemic.

Eckehard Forberich, Member and Spokesman of the Management Board of KAP AG: "We've already taken the first steps towards achieving our medium-term targets. We want to further expand our leading positions in our existing industrial niche markets and become even more profitable. Like in the previous year, we're also going to continue to work on making KAP AG even leaner and more efficient overall."

We will publish the complete audited 2020 annual report on 23 April 2021 and make it available on our website: 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