Latest

Blue Cap announces dividend for the 2019 financial year

Blue Cap released final 2019 results on Tuesday. Revenue growth from 175.9 million euros to 225.7 million euros is reported. On an adjusted EBITDA basis, the associated company increased its operating profit from EUR 8.6 million to EUR 14.3 million. “Consolidated sales and the operating result were thus higher than in the same period of the previous year and correspond to the preliminary annual figures published in April,” said Blue Cap. The overall result drops from EUR 12.5 million to EUR 2.8 million, but based on special effects: “The deviation from the previous year results in particular from the income contained in the adjustments of the previous year from the initial consolidation of the Knauer-Uniplast Group”, Blue Cap explains the Development. The net asset value per share is EUR 32.30.

Blue Cap shareholders will receive a dividend of EUR 0.75 per share in 2019. In 2020, the company anticipates a robust development in investments, partly due to the diverification effects and only a small proportion of sales in plant engineering. “Given the gradual normalization of economic development by the end of the third quarter of 2020, an organic decline in consolidated sales in the lower double-digit percentage range compared to the previous year is expected. In contrast, the year-round inclusion of con-pearl for the first time in 2020 will have a positive impact on the group’s sales in the financial year, ”says the Munich-based company.

The company is also responding to the current situation with a strict management of costs and liquidity, which also sees an opportunity for new investments – but only from the second half of 2020.

Tags

Related Articles

Back to top button
Close
Close