Blue Cap AG Sees Significant Margin Growth in Q3 2024

Blue Cap AG reported notable improvements in its financial performance during the third quarter of 2024. The Munich-based investment company achieved a 20% rise in adjusted EBITDA, reaching EUR 19.0 million compared to EUR 15.9 million last year. This helped lift the adjusted EBITDA margin to 9.5% for the first nine months, peaking at 11.8% in the quarter.

Group revenue stood at EUR 195.3 million, slightly down from EUR 209.0 million a year earlier. The sale of portfolio companies nokra and Neschen contributed significantly to the improved margins. These strategic exits delivered attractive returns on investment and supported Blue Cap's M&A strategy.

Strong performance in the Plastics segment, particularly from con-pearl, offset challenges in the Business Services segment. Moving forward, Blue Cap forecasts revenue between EUR 200-220 million for 2024 with an improved EBITDA margin of 9.5-10.5%.