DGAP-News

Blue Cap AG with significant improvement in revenue and earnings in the 2021 financial year - dividend proposal of EUR 0.85 per share - Seite 3

The Business Services segment, which was newly established as a result of the acquisition of the HY-LINE group in September 2021, posted revenues of 17.6 million euros and an adjusted EBITDA of 1.1 million euros. The semiconductor shortage coupled with bottlenecks of other upstream products precluded improved sales revenue and earnings performance. At year-end, however, a greater number of delivieries had already been reported.

The Others segment contains, in addition to the holding and real estate companies of the Blue Cap group, the portfolio company nokra as well as the sold companies Gämmerler und Carl Schaefer. Project delays and postponements affected nokra's business development, nokra being by far the smallest Blue Cap holding in terms of revenue. However, there was a strong order intake in the second half of 2021, the processing of which was already having an impact in the fourth quarter. Carl Schaefer (deconsolidated as of 31 October 2021) accounted for revenue of 21 million euros in the year under review (PY: 31.8 million euros) and an adjusted EBITDA of EUR 0.5 million (PY: 1 million euros). Gämmerler's sales revenues significantly fell year-on-year as a result of the reorganisation and focus on the service and spare parts business (2021: 2.2 million euros vs 2020: 6.8 million euros).

Segment figures at a glance

Million euros	2021	2020	Change in %
Plastics
Revenus	135.7	100.7	34.8
Adjusted EBITDA	17.3	9.5	82.8
Adjusted EBITDA margin in %	12.5	9.6	30.1
Adhesives & Coatings
Umsatz	88.2	85.2	3.5
Adjusted EBITDA	6.9	7.7	-11.1
Adjusted EBITDA-Marge in %	7.7	9.0	-14.4
Business Services
Umsatz	17.6	0	100
Adjusted EBITDA	1.1	0	100
Adjusted EBITDA-Marge in %	6.2	0	100
Others (*)
Umsatz	25.8	47.2	-45.4
Adjusted EBITDA	-0.6	0.3	>100
Adjusted EBITDA-Marge in %	-1.9	0.7	>100

Note: Rounding differences are possible