BLUE CAP AG
DGAP-Ad-hoc: Blue Cap AG / Key word(s): Disposal/Investment Munich, 04 February 2022 - Blue Cap AG today signed an agreement for the sale of its 100% stake in Gämmerler GmbH (Gämmerler) to the Merten Group. The sales price is in the 6-digit euro range and slightly above the net asset value valuation for the company as of June 30, 2021. The purchase agreement will be closed in February. Gämmerler GmbH, which has belonged to Blue Cap AG since 2011, has its origins in the development and production of systems and machines for the further processing of printed products. In 2021, after many years of losses, it was decided to focus on the after-sales business and the operational restructuring of Gämmerler was implemented. The Merten Group is active in the field of mechatronics as a manufacturer of machines, systems and precision parts. This transaction was preceded by the sale of the former Gämmerler real estate in November 2021 as part of the restructuring (see ad hoc announcement of November 29, 2021). The aggregate sale of real estate and company corresponds to an annual return on invested capital (internal rate of return) of around 6% and a multiple of around 3.3x on the initial investment. The Management Board is maintaining its guidance for the 2022 financial year. He continues to expect consolidated sales in a range of EUR 290 - 310 million and an adjusted EBITDA margin of between 8.5% and 9.5% (see ad hoc announcement of January 20, 2022). About Blue Cap AG Blue Cap AG is a listed investment company founded in 2006 and based in Munich. The company invests in medium-sized companies in the areas of production, trade and services of, with and for industrially manufactured physical goods. These are headquartered in the DACH region, generally generate sales of between EUR 30 and 80 million and have an intact core business. The Blue Cap portfolio consists of nine companies, mostly majority shares, from the adhesive technology, coating technology, plastics technology, production technology, medical technology and electrical engineering sectors. The companies of the Blue Cap Group develop independently and each pursue their own growth strategy. The group currently employs around 1,300 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, Lisa Marie Schraml, Investor Relations & Corporate Communications, Tel. +49 89 288909-24; lschraml@blue-cap.de
04-Feb-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Blue Cap AG |
| Ludwigstraße 11 | |
| 80539 München | |
| Germany | |
| Phone: | +49 89-288 909 24 |
| 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: | 1276846 |
| End of Announcement | DGAP News Service |
1276846 04-Feb-2022 CET/CEST
