KAP Cuts 2026 Normalised EBITDA Forecast to EUR 14.5 Million–17.5 Million

• KAP today cut 2026 revenue guidance to EUR 220 million–EUR 240 million from EUR 230 million–EUR 250 million.
• Normalized EBITDA is now expected at EUR 14.5 million–EUR 17.5 million, down from EUR 19 million–EUR 23 million.
• The earnings downgrade primarily reflects negative currency effects from the Israeli shekel’s and Hungarian forint’s significant appreciation against the euro.
• A major electric-vehicle customer withdrew expected remaining-year orders at the Heiche US site in Jasper, lowering revenue expectations.
• The withdrawal is causing significant capacity underutilization, weighing on earnings in the surface technologies segment.

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 via EQS News (Ref. ID: adhoc_2423190_en) on October 27, 2026, and is solely responsible for the information contained therein.