Blue Cap AG Releases 2023 Financial Results and Proposes Dividend

Blue Cap AG announced its financial results for 2023, reporting a group revenue decline to EUR 273.3 million from EUR 291.3 million in the previous year, alongside an adjusted EBITDA of EUR 23.2 million, yielding an 8.5% margin.

The Munich-based firm disclosed a Net Asset Value (NAV) of EUR 112.3 million as of December 31, 2023, a decrease from EUR 160.8 million the year before. Key factors include lower operational results and reduced market valuation multiples. The company's balance sheet shows robust equity at 36% and a reduced net financial debt at EUR 58.9 million.

A dividend of EUR 0.65 per share is proposed, aligning with past policies but reduced from last year's EUR 0.90 per share due to the absence of significant sales. For 2024, Blue Cap anticipates revenue between EUR 270-290 million and an EBITDA margin of 8.5%-9.5%, reflecting expected improvements across its portfolio.