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News Details

Ad-hoc | 29 June 2021 15:38

KAP AG EXPECTS HIGHER BOOK PROFIT AS A RESULT OF THE SALE OF IT-NOVUM GMBH

KAP AG / Key word(s): Disposal

KAP AG EXPECTS HIGHER BOOK PROFIT AS A RESULT OF THE SALE OF IT-NOVUM GMBH

29-Jun-2021 / 15:38 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

KAP AG EXPECTS HIGHER BOOK PROFIT AS A RESULT OF THE SALE OF IT-NOVUM GMBH

Fulda, 29 June 2021 – Mehler AG, a wholly-owned subsidiary of KAP AG, today concluded an agreement with a group company of Allgeier SE on the sale of the subsidiary it-novum GmbH. The purchase price (enterprise value) is around €22 million and results in a multiple of 9.5 on normalised EBITDA. The sale of it-novum GmbH also concludes the separation from the it/services segment. The sale will result in higher book profit for KAP AG.

The listed Allgeier SE is one of the large German full-service providers for IT and software services with its own software solutions. Allgeier intends to sustainably develop the business of it-novum GmbH on a long-term basis in the next few years.

Contact:

KAP AG

Kai Knitter

Head of Investor Relations & Corporate Communications

[email protected]

+49 661 103 327

29-Jun-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

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Language:	English
Company:	KAP AG
	Edelzeller Straße 44
	36043 Fulda
	Germany
Phone:	06611030
Fax:	0661103830
E-mail:	[email protected]
Internet:	www.kap.de
ISIN:	DE0006208408
WKN:	620840
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange
EQS News ID:	1213155