Koenig & Bauer Q3 Report 2022

Nine months and Q3 at a glance: Koenig & Bauer on track for profitable growth with a strong third quarter and robust demand in turbulent economic environment

• 4.8% increase in order intake to €1,025.9m (previous year: €978.6m) after nine months; at €333.0m in Q3, customer orders very robust and still at a high level
• Revenue up 2.3% after nine months, coming to €805.7m (previous year: €787.4m); Q3 revenue up 6.7% year-on-year, making it the strongest quarter to date in 2022
• Increase in the share of service business in revenue from 29.9% to 32.2% after nine months
• EBIT after nine months €-3.0m (previous year: €16.7m). Previous year’s figure boosted by €21.3m due to the adjustment to the P24x provisions. Accordingly, €1.6m improvement in operating earnings; operating EBIT margin -0.4% (previous year: -0.6%). At €10.8m, EBIT in Q3 on par with the previous year, thus also showing a significant sequential improvement Savings of around €24m achieved from the P24x efficiency programme after the first nine months of 2022
• Business performance still heavily impacted by the pandemic, supply chain bottlenecks and the related increase in the cost of materials and energy
• Increase in order backlog to €1,027.0m (previous year: €823.2m), providing a solid basis for the rest of 2022 and beyon