Koenig & Bauer Half-Year Report 2023

First half of the year and Q2 at a glance: Koenig & Bauer can look back on a favourable first half and confirms its guidance

• Revenue growth in all segments resulting in a 21.3% increase in Group revenue to €596.4m in the first half of 2023 (previous year: €491.8m) – revenue growth in Q2 even stronger at 24.5%, leading to the highest half-year revenue in the Company’s recent history
• Services contributing 29.7% of revenue due to strong new press business (previous year: 33.2%)
• EBIT after the first six months at €-5.4m (previous year: €-13.8m), marking an increase of 60.9% compared to the previous year; improvement in EBIT in the second quarter from €-5.3m to €-2.2m; EBIT margin H1: -0.9%; Q2: -0.7% (previous year: H1: -2.8%; Q2: -2.1%)
• The higher material, personnel and energy costs very largely passed on through the price increases
• Free cash flow impacted by changes in net working capital and high order backlog
• As expected, deliveries reduced the previous year’s high order backlog of €1,007.9m to €906.9m