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. 

2022

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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