19 January 2024 - 14:32
Publication of inside information in accordance with Art. 17 (1) of the Market Abuse Regulation (EU) 596/2014

Munich, 19 January 2024 Blue Cap AG (“Blue Cap”) expects better earnings for the 2023 financial year than last assumed. According to initial preliminary calculations as part of the ongoing preparation of the consolidated financial statements for the 2023 financial year, the Blue Cap management board assumes an adjusted(1) EBITDA margin for continuing operations(2) of 8.3-8.5% (previous forecast: 7-8%). Consolidated revenue for continuing operations ist expected to be in line with the previous forecast (265-285 million euros). The net debt ratio for the 2023 financial year remains well below the target of 3.5 years.

The increase is due to better than expected operational business development in the fourth quarter of the year. Particularly noteworthy here is the successful turnaround at Neschen, whose measures in the last quarter of the year had a more positive impact on earnings than expected. In addition, at the end of the year, the companies in the Plastics segment managed to successfully negotiate compensation payments due to reduced purchases. These could not have been predicted in this dimension at the beginning of the quarter.

All figures in this announcement are preliminary and based on initial calculations in the course of preparing the annual financial statements. Blue Cap AG is expected to present preliminary business figures for 2023 and an outlook for the 2024 financial year in the first half of March.

(1) Adjustments: Adjusted for extraordinary, out-of-period and other effects from reorganisation measures and one-off effects as well as for effects arising from purchase price allocations.

(2) The information in this release always relates to continued operations unless otherwise noted.