KAP AG Maintains Restructuring amid Challenging 2026 Performance

KAP AG reported a decrease in revenue by 4.6% to €133.2 million in the first half of 2026, attributed to a challenging market environment impacting the automotive and industrial sectors. Consequently, EBITDA fell by 10.6% to €13.5 million, with a consolidated loss of €–5.1 million post-tax.

Despite subdued performance, KAP AG remains committed to its restructuring plan. This includes optimizing sales organizations, aligning production with demand, and boosting plant efficiency. The goal is to sustainably improve profitability and reduce leverage ratios.

Among its segments, engineered products saw a 1.3% revenue decline, albeit with growth in select regions; flexible films experienced weaker demand impacting revenues by 1.2%; and surface technologies struggled with a 15.2% revenue drop due to competitive pressures.

KAP AG reaffirms its 2026 guidance, expecting revenue between €230.0 million and €250.0 million, though performance is anticipated to be at the lower end of this range.