The KAP group at a glance

Segment overview

Our segment strategy is based on holding excellent market positions in attractive niches in currently five appealing sectors.

In the engineered products segment, we develop, produce and sell technical textiles and threads around the world with chemical and physical conditioning that offer characteristic performance for our customers’ products. Our products are used in a wide range of industries. Thanks to their light weight and innovative production processes, the list of applications is constantly growing as an increasing number of traditional materials are replaced. This makes technical textiles a material of the future. They have applications in mobility, energy, construction and medicine, for example. In 2019, the segment´s share of revenue was 40.4%.


Selected key indicators on development in the engineered products segment

 

 

2019

2018

Change

Revenue

in € million

150.7

169.1

-10.8 %

EBITDA

in € million

1.5

11.7

-87.1 %

Normalised EBITDA1

in € million

2.4

12.8

-81.2 %

Normalised EBITDA margin2

%

1.6

7.6

-6.0 PP

Investments

in € million

2.9

4.2

-30.9 %

Employees

 

948

1,046

-9.3 %

1 EBITDA before write-downs of inventories and severance payments (previous year: adjusted for serverance payments).
2 Normalised EBITDA/revenue.

 

In the flexible films segment, we develop, produce and sell flexible films for our customers for a wide range of applications. Our product portfolio ranges from flexible packaging materials for the consumer goods industry and products for medical technology and the entertainment sector, to the construction industry and digital imaging. In 2019, the segment´s share of revenue was 23.9%.

 

Selected key indicators on development in the flexible films segment

 

 

2019

2018

Change

Revenue

in € million

89.2

88.4

0.9 %

EBITDA

in € million

10.1

9.1

11.0 %

EBITDA margin

%

11.4

10.3

1.1 PP

Investments

in € million

2.4

2.1

14.3 %

Employees

 

326

326

0.0 %

 

In our newest segment surface technologies, we develop highly specialized surface solutions for metallic materials for our customers and implement these in highly efficient processes. We serve a wide range of end markets such as the food industry, furniture, machine engineering, electronics and mobility. In 2019, the segment´s share of revenue was 17.2%.

 

Selected key indicators on development in the surface technologies segment

 

 

2019

2018

Change

Revenue

in € million

64.1

43.2

48.4 %

EBITDA

in € million

21.6

7.9

>100 %

Normalised EBITDA1

in € million

13.7

7.5

82.7 %

Normalised EBITDA margin2

%

21.4

17.4

4.0 PP

Investments

in € million

7.3

2.7

>100 %

Employees

 

761

810

-6.0 %

1 EBITDA before expenses and insurance settlements arising from fire damage (previous year: goodwill from the acquisition of the Heiche Group).
2 Normalised EBITDA/revenue.

 

With our precision components segment, we offer highly precise products for use in special electric or electromechanical drives, which are made of plastic or plastic/metal compounds. The portfolio includes highly precise gearwheels and adjoining metal products, which are used in e-bikes, among other things. In 2019, the segment´s share of revenue was 13.3%.
 


Selected key indicators on development in the precision components segment

 

 

20192018

Change

Revenue

in € million

49.5

67.6

-26.7 %

EBITDA

in € million

2.2

10.8

-79.6 %

Normalised EBITDA1

in € million

3.4

10.8

-68.5 %

Normalised EBITDA margin2

%

6.9

16.0

-9.1 PP

Investments

in € million

2.5

4.7

-46.8 %

Employees

 

619

630

-1.7 %

1 EBIDTA before Geiger purchase price adjustment and consulting fees (previous year: no adjustments).
2 Normalised EBITDA/revenue.


In the it/services segment, we combined our software development and machine engineering knowledge into one to create a unique source of expertise for digitization and Industry 4.0 solutions. In our estimation, no other SME unites these skills under one roof. In addition to traditional open-source software solutions and services for anything involving the use of machines, we want to make our own production facilities fit for the age of digitization by developing new business models for both ourselves and for SME customers and creating value-adding solutions. In 2019, the segment´s share of revenue was 5.2%.


Selected key indicators on development in the it/services segment

 

 

2019

2018

Change

Revenue

in € million

23.3

22.6

3.1 %

EBITDA

in € million

3.0

2.3

30.5 %

Normalised EBITDA1

in € million

3.0

2.6

15.4 %

Normalised EBITDA margin2

%

12.9

11.5

1.4 PP

Investments

in € million

1.5

0.8

87.5 %

Employees

 

120

124

-3.2 %

1 EBITDA in the previous year adjusted for severance payments.
2 Normalised EBITDA/revenue.