KAP AG Maintains Stable Course in Early 2025

KAP AG reported a 4.6% increase in revenue, reaching €72.6 million in Q1 2025. Normalised EBITDA stood at €7.6 million, with a margin of 10.5%. The flexible films segment continued to perform well, signaling ongoing growth despite challenges in the automotive sector that affected the surface technologies segment.

The flexible films segment saw a revenue surge of 17.6% to €30 million due to strong demand for high-quality 3D films. Meanwhile, the engineered products segment experienced slight growth, with revenue rising 1.8% to €27.6 million, despite shifts in production locations. In contrast, the surface technologies segment faced difficulties, with revenue declining by 11.8% to €15 million.

KAP AG's management maintains forecasts for 2025, expecting revenues between €245-265 million and normalised EBITDA between €19-23 million, amid an unpredictable market environment.