* Consolidated sales increase of 43.5% to EUR 173.3 million ^
DGAP-News: Blue Cap AG / Keywords: Half-year results / Staff
Blue Cap AG: Preliminary key financial data for the first half of 2022
significant increase in sales and profits
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* Consolidated sales increase of 43.5% to EUR 173.3 million (previous year: EUR 120.8 million)
* Adjusted EBITDA margin (1) improves to 9.9% (previous year: 8.4%)
* Preliminary forecast for the financial year 2022 has been additionally confirmed
* Management change: Tobias Hoffmann-Becking becomes CEO of Henning
Eschweiler takes over as COO
Munich, 27 July 2022 – Blue Cap AG (“Blue Cap”) is looking for the first one
preliminary calculations go back to the successful first half of the year. So
consolidated sales of the group increased significantly to EUR 173.3 million
compared to the previous year (previous year: EUR 120.8 million). Operating
Operating result (adjusted EBITDA (1)) increased to EUR 17.7 million (+ 69.6%
vs. PY, PY: EUR 10.5 million). This corresponds to a margin of 9.9% (previous year: 8.4
%) of total power. Adjusted EBIT increased compared to
more than twice in the previous period and reached the value of EUR 11.2 million
(previous year: EUR 5.3 million). The corresponding margin has also increased significantly
to 6.3% (previous year: 4.2%). Net toothing (incl
Leasing liabilities) were in the range of 2.5 years (12/31/2021: 2.6).
Target corridor shorter than 3.5 years.
The improvements result in particular from new acquisitions made
HY-LINE Group, H + E and Transline, but also on the positive side
development in the Plastics segment. Gämmerler for sale
and Carl Schaefer also have a reducing effect compared to the previous year
on sales, but clearly positive for the operating result.
Plastics Segment with continuous profitable growth
As at June 30, 2022, there are eight of them in Blue Cap’s portfolio
Majority shares belonging to the Plastics, Adhesives and Coatings segments,
Business and other services are assigned as well
The Plastics Segment was able to increase both sales and profit
rise noticeably. Participation is the main driver of this development
con-pearl, who continue to benefit from the boom in the logistics and
benefits from their high level of knowledge of sustainable development. Development in
H + E and Uniplast are caused by the increase in the prices of raw materials and energy,
which can only be delivered to customers with a delay or a slowdown,
show solid development in the face of a harsh environment.
Planatol and Neschen from the Adhesives & Coatings segment are also part of
Increases in raw material and energy prices as well as supply bottlenecks are more important
affected materials. The development of earnings this year was analogous
Area of activity below the previous year despite improved sales.
The Business Services segment includes two newly added ones
Portfolio companies HY-LINE and Transline. The HY-LINE Group is in
grew very dynamically in the first half of 2022. Thanks to the improved
The company was able to ensure the availability of materials and products
Deliveries increase significantly due to continuous strong order taking.
Transline has grown at roughly the same level as a year earlier, though
macroeconomic uncertainty in the postponement of individual projects
make customers aware.
The development of the Other segment became significant year on year
through the sale and deconsolidation of Gämmerler and Carl Schaefer
under the influence. The smallest share of the blue cap, Nokra rejected a good one
service business and has developed much better than in
same period last year and almost on schedule. The more stable
Order development from the pharmaceutical and diagnostic industries, even after
The decline in the crown pandemic has led to a minority holding company, INHECO
to the results on the previous year’s level.
Segment your key numbers at a glance
in million EUR H1 2022 H1 2021 Change in%
Revenues 84.5 64.1 32
Adjusted EBITDA 10.9 7.2 51
Adjusted EBITDA margin in% 12.5 11.0 14
Adhesives and coatings
Sales 48.2 42.9 12
Adjusted EBITDA 3.2 3.7 -14
Adjusted EBITDA margin in% 6.3 8.3 -24
Revenues 38.7 0 100
Adjusted EBITDA 3.7 0 100
Adjusted EBITDA margin in% 9.3 0 100
Revenues 2.0 13.8 -86
Adjusted EBITDA -0.03 -0.5 94
Adjusted EBITDA margin in% -1.8 -3.5 49
Note: The first half of 2022 is preliminary data, the differences in rounding amount to
The Other segment includes the effects of consolidation at the holding level,
Nokra, a group holding and property management companies
as well as investments already sold at the reporting date.
Positive prospects in an uncertain market environment
Preliminary key financial data confirm this despite the increasingly difficult ones
framework conditions, the current forecast for the current financial year,
Group sales between EUR 305-325 million, adjusted EBITDA margin
reach 9-10% to a net debt ratio of less than 3.5 years
to be able to
Matthias Kosch, CFO of Blue Cap, comments: “It’s rewarding
our half-year results in line with our forecast for early 2022
lie. However, macroeconomic dynamics were recent
months increasingly negative and continues to be characterized by a high degree of uncertainty
in shape of. We closely monitor the further development and stay in close contact
Exchange with the management of our portfolio companies. ” Tobias
Hoffmann-Becking, CIO of Blue Cap, adds: “In terms of merger and acquisition activities,
in the coming months we will focus on smaller additional acquisitions
focus on further improving our portfolio. Apart from the changes
teamwork focuses even more on the operator
Support for subsidiaries even in a difficult market environment
to remain successful. Glad to have one with Henning Eschweiler
to have a new board mate by my side, the one with Blue Cap with his
extensive knowledge important and new impulses for the future,
sustained increase in value. “
Changes in the management board
From September 1, 2022, there will be changes in the Management Board of Blue Cap
AG is valid. The Supervisory Board therefore decided to appoint Mr. Tobias
Hoffmann-Becking, who was Director of Investments (CIO) for
responsible for the M&A and Capital Markets areas, incl
appointment of the President of the Management Board / CEO. His contract lasted until
In addition, from September 1, Mr. Henning Eschweiler will be present in
Appointed to the Board of Directors and holds the position of Chief Operating Officer
(COO) of Blue Cap AG by Ulrich Blessing, who will be running by the end of 2022.
The mandate of the Management Board ended earlier by mutual consent.
The Supervisory Board and the Management Board would like to thank Mr. Blessing for his trust and
successful cooperation and I wish him all the best for the future
Henning Eschweiler (born 1982) will be responsible for Blue Cap in the future
investment management and sustainability. he has
Many years of experience in German medium-sized companies and in the private sector
capital industry. So advised the graduate mechanical engineer and business economist
while working in the management consulting company Structure Management Partner
GmbH in development development i
income enhancement programs. He was also responsible as an operations manager
also their implementation. Recently, Mr. Eschweiler has been on
Dutch-German private equity house Nimbus where he works for both
M&A transactions and portfolio management.
As a member of the advisory board and managing director, he assumed operational responsibility
selected portfolio companies. Thanks to proven knowledge
Mr. Eschweiler has a strong portfolio and operational focus
Improve farm performance.
By the way, the provisional data will be one today at 2 p.m.
Teleconference with the Management Board of Blue Cap AG. you can
register at this link. The presentation is below
The figures disclosed in this press release are preliminary.
More information about the company can be found at:
www.blue-cap.de/relacje-inwestorów/. Full semi-annual report 2022
will be released at the end of August.
(1) Adjustments: Customized for extraordinary, non-periodic and
other effects of reorganization activities and one-off effects, and
the effects resulting from the allocation of the purchase price
About Blue Cap AG
Blue Cap AG was founded in 2006 and is listed on the capital market
Holding company based in Munich. The company invests in
medium-sized companies from the B2B sector and accompanies them
entrepreneurship development. The farms are based in
in the DACH region they usually generate sales between 30 and 80
million euros and core business intact. The blue cap usually holds
majority stakes in nine companies from the adhesives industry i
Coating technology, plastics technology, production technology, medical technology
and business services. The companies of the Blue Cap Group are developing
independently and everyone implements their own development strategy. Group
currently employs around 1,300 people in Germany and elsewhere
European countries. Blue Cap AG is listed on the open market (Scale,
Frankfurt in: access, Munich; ISIN: DE000A0JM2M1; Stock reference: B7E).
Blue Cap Inc
Lisa Marie Schraml
Investor relations and corporate communication
Phone +49 89 288909-24
27.07.2022 publication of corporate news / financial announcement,
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Company: Blue Cap AG
Telephone: +49 89-288 909 24 [email protected]
Fax: +49 89 288 909 19
Indices: Scale 30
Stock exchanges: open market in Berlin, Düsseldorf, Frankfurt (Skala),
Munich, Stuttgart, Tradegate Exchange
EQS NewsID: 1406395
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