KAP AG's 2025 Financial Challenges Amid Market Strains

In 2025, KAP AG, a mid-sized industrial holding company, reported a 4.4% drop in revenue to €241.4 million, alongside an 8.7% decline in normalised EBITDA to €20.0 million. Despite efficiency measures, weak demand in engineered products and surface technologies, coupled with a frail automotive sector, hindered performance. These sectors' struggles overshadowed positive results in the flexible films segment, which saw a 4.8% revenue increase.

The company is reviewing structures and processes to cut costs and improve operations. Measures in engineered products stabilized EBITDA, but exports faced challenges. Surface technologies saw a 6.5% revenue fall, prompting impairment losses in the segment without impacting liquidity. The complete audited report is expected in April 2026.