• KAP outlined a restructuring plan tied to a € 96 million three-year syndicated “restructuring financing” running to 30.03.2029.
• FY 2025 revenue fell 4.4% to € 241.4 million; normalized EBITDA slipped to € 20.9 million; net loss widened to € 67.5 million.
• Impairments totaled € 50.9 million; equity ratio dropped to 23.9% from 46.1%; net debt rose to € 71 million on € 15.6 million negative free cash flow.
• Targeted € 15 million to € 18 million earnings uplift by 2028 from sales push, plant efficiency, capacity cuts, and a streamlined holding structure.
• Structural deleveraging includes a sale-and-leaseback of the Landim, Portugal site; an M&A process is set up to sell a full segment, with flexible films under review.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. KAP AG published the original content used to generate this news brief on July 13, 2026, and is solely responsible for the information contained therein.