EQS-News: Blue Cap AG sells portfolio company nokra to Vishay Precision Group
EQS-News: Blue Cap AG
/ Key word(s): Disposal/Investment
Munich, September 30, 2024 - Blue Cap AG ("Blue Cap") today concluded an agreement on the sale of its 90% stake in nokra Optische Prüftechnik und Automation GmbH ("nokra") (see also Blue Cap's ad hoc release dated September 30, 2024). The buyer is the Vishay Precision Group ("VPG"). The total proceeds (before taxes) are in the single-digit million range and a good EUR 1 million above the net asset value valuation as at June 30, 2024. The sale of the company corresponds to an annual return on invested capital (internal rate of return) of around 21% and a multiple on the capital employed of around 6x. nokra, which has been part of Blue Cap since 2014, manufactures high-precision, laser-optical measuring systems for the automatic inline inspection of geometric dimensions. Typical applications include the flatness measurement of sheet metal and plates, the thickness measurement of strip materials, the curvature of windshields and 3D dimensions of hot forged parts. Customers include automotive suppliers, plant manufacturers and steel and aluminum producers. Blue Cap acquired nokra in 2014 and, together with the management, transformed the company with strategic and operational measures. During its affiliation with Blue Cap, the company continued to develop its product groups with a high level of innovation and increased the scalability of its products. With the sale of its smallest investment announced today, Blue Cap has realized its first exit this year. It is part of Blue Cap's best-owner approach, which implies the sale of investments after realizing the potential for value appreciation. Dr. Henning von Kottwitz, CEO of Blue Cap, emphasizes: "I am very pleased to announce the exit of nokra today. Even though nokra is a relatively small company in our portfolio, it shows that we are consistently working on the realization of our goals. We will continue to focus on successfully realizing the planned sales in order to create sustainable value for our investors." Günter Lauven, Managing Director of nokra, adds: "The expertise and competence of Blue Cap have made a significant contribution to the further development of nokra in recent years. We are very grateful to the entire team for this. We are now looking forward to continuing our growth and innovations in a new constellation - VPG is the right partner for this." Due to the small size of the company, the forecast for 2024 as a whole has not been adjusted as a result of the transaction. The Management Board continues to expect consolidated revenue for 2024 as a whole to be in the range of EUR 270-290 million and an adjusted(1) EBITDA margin of 8.5-9.5%. 1) Adjustments: Adjusted for extraordinary, out-of-period and other effects from reorganization measures and one-off effects
About Blue Cap AG Blue Cap AG is a Munich-based investment company founded in 2006 and listed on the capital market. The company acquires medium-sized companies from the B2B sector in special situations and supports them in their entrepreneurial development with the aim of selling them profitably at a later date. The acquired companies are headquartered in the DACH region, generate sales of between EUR 20 and 200 million and have a sustainably stable core business. Blue Cap mostly holds majority stakes in eight companies from the Adhesives & Coating Technology, Plastics Technology, Production Technology, Life Sciences and Business Services sectors. The Group currently employs around 1,200 people in Germany and other European countries. Blue Cap AG is listed on the open market (Scale, Frankfurt and m:access, Munich; ISIN: DE000A0JM2M1; ticker symbol: B7E). www.blue-cap.de Contact: Blue Cap AG
30.09.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
Language: | English |
Company: | Blue Cap AG |
Ludwigstraße 11 | |
80539 München | |
Germany | |
Phone: | +49 89-288 909 0 |
Fax: | +49 89 288 909 19 |
E-mail: | ir@blue-cap.de |
Internet: | www.blue-cap.de |
ISIN: | DE000A0JM2M1 |
WKN: | A0JM2M |
Indices: | Scale 30 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1998531 |
End of News | EQS News Service |
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1998531 30.09.2024 CET/CEST
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
The most important financial data at a glance | ||||||||
2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | ||
Sales1 | 176,11 | 225,67 | 232,00 | 267,35 | 347,51 | 273,32 | 284,00 | |
EBITDA1,2 | 11,52 | 15,01 | 34,47 | 25,41 | 30,30 | 15,18 | 25,80 | |
EBITDA-Margin3 | 6,54 | 6,65 | 14,86 | 9,50 | 8,72 | 5,55 | 9,09 | |
EBIT1,4 | 6,60 | 4,65 | 21,37 | 7,82 | 16,96 | -13,51 | 0,00 | |
EBIT-Margin5 | 3,75 | 2,06 | 9,21 | 2,93 | 4,88 | -4,94 | 0,00 | |
Net Profit (Loss)1 | 4,62 | 2,82 | 16,49 | 4,72 | 10,44 | -20,28 | 0,00 | |
Net-Margin6 | 2,62 | 1,25 | 7,11 | 1,77 | 3,00 | -7,42 | 0,00 | |
Cashflow1,7 | 0,28 | 1,84 | 12,60 | 12,44 | 16,99 | 19,60 | 0,00 | |
Earnings per share8 | 1,16 | 0,71 | 4,15 | 1,24 | 2,78 | -4,02 | 0,70 | |
Dividend per share8 | 0,75 | 0,75 | 1,00 | 0,85 | 0,90 | 0,65 | 0,80 |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: Deloitte
All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.
INVESTOR-INFORMATION | ||||||
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Blue Cap | ||||||
WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
A0JM2M | DE000A0JM2M1 | AG | 70,43 Mio € | 10.10.2006 | Kaufen | 8FWH4HWH+28 |
PE 2025e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
11,63 | 16,68 | 0,70 | 9,04 | 0,87 | 3,59 | 0,26 |
Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
0,90 | 0,65 | 0,80 | 5,10% |
Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
24.06.2024 | 08.05.2024 | 22.08.2024 | 23.10.2024 | 30.04.2024 |
Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
-5,40% | -11,45% | -11,30% | -10,29% | +223,71% |
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