Blue Cap’s (B7E) first-half revenues grew strongly, driven by Knauer (acquired in June 2018). Organic sales growth was c 4% and adjusted EBITDA was up 8% to €6.5m. Management retained its FY19 guidance for a slight y-o-y increase in EBIT. End-June NAV increased by €1.6m to €119.8m, with the bulk of the uplift from coatings and plastics. Importantly, the dispute with Blue Cap’s major shareholder (46%), PartnerFonds (PF), seems to be resolved following the recent
02 Sep 2019
Blue Cap - Growing organically and through M&A
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Blue Cap - Growing organically and through M&A
Blue Cap AG (B7E:ETR) | 0 0 1.5% | Mkt Cap: 66.1m
- Published:
02 Sep 2019 -
Author:
Milosz Papst -
Pages:
5
Blue Cap’s (B7E) first-half revenues grew strongly, driven by Knauer (acquired in June 2018). Organic sales growth was c 4% and adjusted EBITDA was up 8% to €6.5m. Management retained its FY19 guidance for a slight y-o-y increase in EBIT. End-June NAV increased by €1.6m to €119.8m, with the bulk of the uplift from coatings and plastics. Importantly, the dispute with Blue Cap’s major shareholder (46%), PartnerFonds (PF), seems to be resolved following the recent