DGAP-News
Blue Cap AG with good financial figures for the first quarter of 2022 - Seite 2
Developments in the business segments
As of 31 March 2022, Blue Cap's portfolio includes eight majority holdings, which are allocated to the Plastics, Adhesives & Coatings, Business Services and Others segments, as well as a minority stake.
In the Plastics segment, con-pearl benefited from a consistently very good logistics order book, while H+E continues to be confronted with supply chain issues and currently declining call orders on the part of OEMs. Uniplast's earnings performance is adversely affected by rises in raw material and energy prices, which the company can only pass on to its customers with a time lag.
Planatol from the Adhesives & Coatings segment showed positive momentum due high customer demand. Conversely, Neschen continued to suffer from supply and production bottlenecks in the first quarter, which were noticeable in the areas of graphic applications and industrial coatings.
The Business Services segment includes the two recently acquired portfolio companies HY-LINE and Transline. The HY-LINE Group has shown positive development since its acquisition and first-time consolidation in September 2021. With continued considerable order intake and a high order backlog, the ability to deliver individual products gradually improved in the first quarter. Transline was initially consolidated on March 1, 2022.
Nokra (Others) remained impacted by delivery bottlenecks and resulting project postponements in the first quarter but is of minor importance for the group figures due to its small
size.
The processing of the considerable order backlog and the continued stable order intake maintains the growth momentum at the minority shareholder INHECO.
Segment key figures at a glance
EUR million | Q1 2022 | Q1 2021 | Change in % |
Plastics | |||
Revenue | 42.1 | 29.1 | 44.7 |
Adjusted EBITDA | 5.5 | 3.5 | 57.1 |
Adjusted EBITDA margin in % | 13.0 | 12.0 | 8.3 |
Adhesives & Coatings | |||
Revenue | 22.6 | 20.6 | 9.7 |
Adjusted EBITDA | 1.3 | 1.7 | -23.5 |
Adjusted EBITDA margin in % | 5.1 | 7.7 | -33.8 |
Business Services | |||
Revenue | 17.3 | 0 | 100 |
Adjusted EBITDA | 1.5 | 0 | 100 |
Adjusted EBITDA margin in % | 8.7 | 0 | 100 |
Others (*) | |||
Revenue | 0.8 | 6.2 | -87.1 |
Adjusted EBITDA | 0.0 | -0.5 | 100 |
Adjusted EBITDA margin in % | -5.7 | -8.1 | 29.6 |
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Note: Rounding differences are possible