Ad hoc Releases

Pursuant to article 17 of the European Market Abuse Regulation - MAR, an issuer of financial instruments must immediately publish any specific information which is not publicly known if such information is likely to exert significant influence on the stock exchange price. 


10.06.2024 18:05 MEZ

Koenig & Bauer announces extraordinary order intake: orders worth approx. €250m marketed since the end of May 2024

Koenig & Bauer AG, Würzburg (“Koenig & Bauer”, WKN: 719 350 / ISIN: DE0007193500) has marketed new orders worth €250m since the end of May 2024, including legally binding orders worth €200m. All segments have contributed to the order intake. The new orders were received at drupa and elsewhere.

The company confirms its guidance according to which the operating EBIT margin and revenue in the current year will remain stable at the previous year’s level. The path already taken to achieve an EBIT margin of 6 – 7% in 2026 at the latest, in tandem with Group revenue of €1.5bn, is also being supported by the Spotlight focus programme.

28.02.2024 21:45 MEZ

Koenig & Bauer meets its own forecast for 2023 and expects stable business in 2024

On the basis of its preliminary and as yet unaudited figures, Koenig & Bauer AG, Würzburg (“Koenig & Bauer”, WKN: 719 350 / ISIN: DE0007193500) has achieved consolidated earnings before interest and taxes (EBIT) of €29.9m. This places EBIT within the forecast range of €25m to €35m adjusted on 8 November 2023. At €1,326.8m, Group revenue is at the upper end of the guidance of around €1.3bn. The Management Board and the Supervisory Board will be proposing at the Annual General Meeting that the net profit generated by the holding company Koenig & Bauer AG be retained and that a dividend be omitted for the 2023 financial year. However, as Koenig & Bauer attaches great importance to ensuring an appropriate participation of its shareholders in the company’s success, a future dividend policy has been adopted which, subject to profitable business performance during the year, aims to distribute a dividend of 15 - 35% of consolidated earnings, with a minimum dividend of €0.30 per share.

At today’s meeting of the Supervisory Board, the CFO and Deputy Chief Executive Officer, Dr Stephen Kimmich, was given responsibility on the Management Board for the Special segment from 1 April 2024 in addition to his role as CFO.

The company continues to face a challenging macroeconomic environment in 2024. Even so, the Management Board expects the EBIT margin and revenue to remain stable at the previous year’s level. Accordingly, it projects operating earnings of between €25m and €40m and revenue of around €1.3bn. However, Group EBIT for 2024 will be burdened by up to €10m as a result of spending on drupa, the world’s largest trade fair for the printing and graphics industry, which will be taking place in Düsseldorf from the end of May until the beginning of June, resulting in Group EBIT of between €15m and €30m after this one-off effect.

25.10.2023 21:00 MEZ

Koenig & Bauer expects EBIT of €25-35m for 2023

Würzburg, 25 October 2023 – Based on the preliminary figures for the first nine months of 2023 and the outlook for the fourth quarter, the Management Board of Koenig & Bauer AG expects the 2023 financial year to be weaker than previously assumed.

In particular, the still robust order pipeline for Banknote Solutions in the Special segment will be delayed for reasons related to individual nation states. In view of revenue recognition methods, which in the Special segment are largely based on the percentage-of-completion (POC) method, order intake shows up more quickly in revenue recognition and earnings.

In the Digital & Webfed segment, the future-oriented products generated strong order intake in the third quarter. However, as things currently stand, it can be assumed that further start-up costs will be required in connection with the introduction of the new flexo, corrugated board and digital printing products in the second half of 2023.

In the largest segment, Sheetfed, the company continues to assume that growth will be more profitable in 2023 than in the previous year.

Provided that general conditions do not deteriorate any further, Koenig & Bauer expects to achieve its revenue target of around €1.3bn accompanied by EBIT of €25-35m in 2023.

The adjustment to the outlook for the current year to factor in the economic volatility and geopolitical uncertainties has no impact on the medium-term targets, as the company’s focus is on the packaging market, which is growing structurally and sustainably. Koenig & Bauer will issue guidance for 2024 and 2025 when it publishes its full-year figures for 2023.

Koenig & Bauer will publish the complete financial figures for the third quarter and the first nine months on 8 November 2023.

The preliminary figures for the first nine months of 2023 as follows:

in €m 9 months 2023 (previous year)SheetfedDigital & WebfedSpecial
Order intake454 (651.4)133 (89.0)271 (313.7)
Revenue531 (454.1)102 (95.2)281 (280.7)
EBIT12 (4.0)-20 (-14.7)4 (4.0)

08.06.2023 10:40 MEZ

Koenig & Bauer signs cooperation agreement with Volkswagen on development collaboration in the field of battery cell manufacturing

Koenig & Bauer AG today signed a cooperation agreement with Volkswagen subsidiary PowerCo SE for development collaboration in the field of sustainable battery cell production.

Koenig & Bauer will develop a machine for the industrial powder coating ("solvent-free dry coating") of electrodes. Dry coating, which is a sub-process of multi-stage battery cell production, eliminates the costly and energy-intensive drying of wet-coated electrodes. Koenig & Bauer plans to cover most of the development costs with its own engineering resources. According to the current planning status, the development phase is scheduled to run until the end of 2024. Whether the ambitious development goals will be achieved can only be assessed after the development phase has been completed.

If the development goals are achieved, Volkswagen has the exclusive right to use or sell the Koenig & Bauer equipment for a period of 7 years.

A separate supply and distribution agreement is to be concluded for this purpose.

23.02.2023 18:40 MEZ

Koenig & Bauer exceeding EBIT forecast for 2022 on the basis of its preliminary figures

Koenig & Bauer AG, Würzburg (“Koenig & Bauer”, WKN: 719 350 / ISIN: DE0007193500) has announced that, on the basis of its preliminary and as yet unaudited figures, its preliminary Group earnings before interest and taxes (EBIT) for 2022 have exceeded its own forecast as well as market expectations. On this basis, EBIT reached €22m (own forecast: €15 - €20m); at €1,186m, Group revenue was at the upper end of the company’s own forecast of €1,160 -1,190m.

This heightened profitability is attributable in particular to the more efficient response to the challenges posed by supply-chain and capacity constraints as well as the intensified implementation of the P24x programme.

For the current year 2023, the Management Board projects Group revenue of around €1.3bn, with an EBIT margin of roughly 3%.

The full and audited financial statements for 2022 will be published on 29 March 2023 and made available on the website.

21.07.2022 21:00 MEZ

Koenig & Bauer acquires 49 % in Celmacch Group S.r.l. and expands its presence on the growth market for corrugated board

Koenig & Bauer AG, Würzburg (“Koenig & Bauer,” WKN: 719 350 / ISIN: DE0007193500) and the shareholders of Celmacch Group S.r.l. – a leading manufacturer of high board line flexo printing presses and rotary die-cutters for the corrugated board industry – have today joined forces and agreed to the acquisition of a 49 per cent stake in the latter’s business by Koenig & Bauer. This lays the foundations for collaboration on development and marketing activities on the growth market for corrugated board. Koenig & Bauer has the option to acquire further shares in Celmacch Group S.r.l.. 

Celmacch Group S.r.l. counts around 50 employees and has gathered over 40 years of experience on the growth market for corrugated board, a segment that Koenig & Bauer also addresses with its complementary CorruCUT and CorruFLEX presses. Celmacch Group S.r.l. is a financially healthy company and has built up an excellent market standing, especially since the relaunch of its Chroma product family in 2019. These presses are already supplied to numerous major international packaging producers, primarily on the local markets. On this basis, turnover has increased strongly to around €20 million. Celmacch Group S.r.l. will operate as Koenig & Bauer Celmacch S.r.l. in future; its offices remain in Desenzano, Italy. For the first phase of the partnership, the focus will be placed on joint sales and service activities, further product development and expansion of the company’s assembly capacities. Under the name ‘Chroma’, a new product family will cover all price and performance classes in the relevant market segment.

Acquisition of the shares in Celmacch Group S.r.l. remains subject to official approval from the Italian authorities that oversee foreign direct investment. The parties have agreed not to disclose further details of the transaction. The final closing is anticipated for September 2022.

25.02.2022 17:10 MEZ

Koenig & Bauer exceeds EBIT forecast for 2021 on the basis of its preliminary figures

Koenig & Bauer AG, Würzburg (“Koenig & Bauer”, WKN: 719 350 / ISIN: DE0007193500) has announced on the basis of its preliminary and as yet unaudited figures that it has exceeded its own forecast for preliminary Group earnings before interest and taxes (EBIT) for 2021.

Despite the ongoing pandemic in 2021 and a challenging procurement environment, EBIT of around €29m was achieved through the acceleration of the savings effects in the P24x efficiency programme and the more efficient implementation of the related personnel measures. This was also due to a high earnings contribution from the Special segment in the fourth quarter in particular. At around 2.6%, the EBIT margin thus exceeded the company’s own forecast of 2.0% for 2021. Driven by a generally strong final quarter, Group revenue reached the forecast range of €1,100 - 1,135m in 2021, coming to around € 1,116m.

The company plans to publish its forecast for 2022 together with the presentation of its audited annual financial statements and the annual report for 2021 no later than on March 30, 2022, also in view of the current developments in the Ukraine crisis and, resulting from this, the high level of uncertainty over the impact on the global economy. Koenig & Bauer will be holding a conference call (in English) for analysts and investors on 30 March 2022. The conference call will be available on the website later.

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