Koenig & Bauer Q3 Report 2023

9-month and Q3 figures at a glance: Koenig & Bauer temporarily weak in Q3 but medium-term guidance confirmed despite difficult economic environment

• Revenue higher in all segments in the first nine months of 2023, resulting in a 10.6% increase in
  Group revenue to € 891.1m (previous year: €805.7m) – Q3 revenue down 6.1%
• Share of service business at 29.7% (previous year: 32.2%)
• EBIT after the first nine months at €-2.1m (previous year: €-3.0m), marking an increase of 30.0% over the previous year; decline in EBIT in the third quarter from €10.8m to €3.3m, however intra-year improvement achieved; EBIT margin 9M: -0.2%; Q3: 1.1% (previous year: 9M: -0.4%; Q3: 3.4%)
• Improvement in net financial position from €-134.5m in Q2 to €-119.3m in Q3
• Order intake of €831.3m at the end of the first nine months (previous year: €1,025.9m); noticeable decline in customer demand in the Sheetfed segment in particular in the third quarter – the Digital & Webfed segment performed well with an increase in order intake
• As expected, deliveries reduced the previous year’s high order backlog of €1.027,0m to €890.6m