Koenig & Bauer Full-Year Report 2023

Highlights

• As expected, order intake as of 31 December was slightly below the previous year’s historically high figure.
• In Q4 alone, order intake reached €456.6m, underpinned by an order in the Banknote Solutions business unit received from the United States Bureau of Engraving and Printing in Washington, D.C.
• As planned, the order backlog contracted to €911.5m at the end of the year as a result of the completed deliveries.
• Cumulative Group revenue increased by 11.9% over the previous year. In the fourth quarter of the year, the growth trajectory that had been adopted in the first half of 2023 was thus maintained despite a weaker Q3.
• All told, EBIT improved by €7.9m to €29.9m, translating into an EBIT margin of 2.3%, compared with 1.9% in the previous year.
• In this regard, the final quarter returned to its usual strength, with revenue EBIT coming to €32.0m (previous year: €25.0m). This marks a significant improvement over the same period in the previous year.
• The book-to-bill ratio stood at 1.05 in the fourth quarter, up from the previous year’s figure of 0.8.