Blue Cap AG exceeds revenue and earnings forecast for the 2020 financial year according to preliminary figures
29 January 2021 – 09:47
Publication of inside information in accordance with Art. 17 (1) of the Market Abuse Regulation (EU) 596/2014
Munich, 29 January 2021 In the course of the ongoing preparation of the 2020 consolidated financial statements, it is becoming apparent from preliminary figures that Blue Cap AG’s consolidated revenue and consolidated earnings are above the forecasts published at the end of the second and third quarters of 2020.
_Consolidated revenue looks set to be in the range of EUR 228 million to EUR 235 million (previous year: EUR 226 million), slightly above the figure for the 2019 financial year.
_Adjusted consolidated earnings before interest, taxes, depreciation and amortisation (adjusted EBITDA) and adjusted consolidated earnings before interest and taxes (adjusted EBIT) – each adjusted to reflect one-off, prior-period and other effects resulting from reorganisation measures and one-off effects – will also be above the previous year’s figures. The range for adjusted EBITDA will probably be from EUR 16 million to EUR 18 million (previous year: EUR 14.3 million) and the range for adjusted EBIT should be between EUR 7.5 million and EUR 9.5 million (previous year: EUR 6.8 million).
Consolidated revenue and earnings have outperformed the forecast mainly as a result of the positive business development in the Plastics Technology segment and at the medical technology manufacturer INHECO Industrial Heating & Cooling GmbH. The company also made further progress in the reorganisation and strategic development of con-pearl GmbH, which operates in the Plastics Technology segment.