KAP Thrives Amid Challenges in 2023, Boosts Efficiency in 2024

• KAP AG's revenue for 2023 was €316.7 million, down 12.1% year on year, and normalised EBITDA was €15.1 million, a decrease of 35.7% from the previous year.
• The company's performance was in line with the adjusted guidance forecast made in August 2023.
• KAP AG has decided to suspend the dividend for the 2023 financial year to strengthen the capital and financing base.
• The company plans further adjustments and efficiency improvements for the current financial year.
• In 2023, KAP AG sold seven companies from the flexible films segment to Kingspan Holding GmbH.
• The complete and audited annual report for 2023 and the guidance forecast for the 2024 financial year will be available on KAP AG’s website from 26 April 2024.

KAP

+0,99 %

+2,00 %

-2,86 %

-25,55 %

-43,02 %

-36,73 %

-68,36 %

+625,46 %

ISIN:DE0006208408WKN:620840

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