DGAP-News

Blue Cap AG with good financial figures for the first quarter of 2022

DGAP-News: Blue Cap AG / Key word(s): Quarterly / Interim Statement Blue Cap AG with good financial figures for the first quarter of 2022 25.04.2022 / 07:12 The issuer is solely responsible for the content of this announcement. Group revenue of EUR 82.7 million, 48% above the previous year's level (EUR 55.9 million) Adjusted EBITDA margin of 9.6% is also significantly above the previous year (8.1%) Forecast for the 2022 financial year confirmed: Group revenue of EUR 305-325 million, adjusted EBITDA margin of 9-10% Munich, 25 April 2022 - Blue Cap AG, an investment company listed in the Scale segment, has made a positive start to the current year, and has confirmed its full-year forecast. At the end of the first quarter, consolidated group revenue increased significantly to EUR 82.7 million compared to the previous year's figure (PY: EUR 55.9 million). Adjusted EBITDA(1) improved to EUR 8.2 million (PY: EUR 4.7 million). The adjusted EBITDA margin stood at 9.6% after the first three months (PY: 8.1%). Adjusted EBIT reached a value of EUR 4.9 million (PY: EUR 2.5 million). This corresponds to a margin of 5.7% (PY: 4.3%) of total operating performance. The significant increases in the financial indicators are in particular due to the new acquisitions of H+E Group, HY-LINE Group and Transline, as well as the positive development in the Plastics segment. Although the sales of Gämmerler and Carl Schaefer reduced sales compared to the previous year, they had a clearly positive effect on the adjusted EBITDA margin. After completing the acquisition of Transline in March 2022, Blue Cap AG has an unchanged solid balance sheet quality. Group equity amounted to EUR 109.2 million at the end of the quarter (PY: EUR 86.7 million). At 37% of the group's total assets, the equity ratio thus approximates the previous year's level (PY: 37.5%). The net debt ratio, defined as the ratio of net financial liabilities (including leasing liabilities) to adjusted EBITDA, stood at 2.8 (PY: 2.9) and thus below the target of 3.5.