Brief: KAP: Q1 Group's Revenue Up At EUR 113.3 Mln

Kap AG

24/05/2022 06:34

May 24 (Reuters) - Kap AG  IURG.DE :
    * Q1 EARNINGS BURDENED BY LAGGED PASSING ON OF RISING RAW
MATERIAL
AND ENERGY PRICES: NORMALISED EBITDA DOWN TO EUR 10.8 MILLION
(PREVIOUS YEAR: EUR 11.7 MILLION)
    * FORECAST FOR 2022 CONFIRMED: SIGNIFICANT INCREASE IN
REVENUE AND
OPERATING RESULT SLIGHTLY ABOVE PREVIOUS YEAR'S LEVEL
    * Q1 GROUP'S REVENUE UP 25.8% TO EUR 113.3 MILLION IN Q1
    * Q1 ADJ EBITDA 10.8 MLN EUR VS 11.7 MLN EUR YR AGO
    * CONFIRMS ANNUAL FORECAST FOR 2022 FOLLOWING ROBUST
BUSINESS
DEVELOPMENT IN THE FIRST QUARTER

Source text for Eikon:  ID:nEQ163wYKa 
Further company coverage:  IURG.DE 

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