March 31, 2023 By PrintAction Staff
Koenig & Bauer AG, Würzburg, Germany, achieved profitable growth in 2022, exceeding its own EBIT forecast as well as market expectations in a challenging environment.
“Our performance last year shows that we are headed in the right direction for sustainable growth. We were able to post increases in all key performance indicators,” says Dr Andreas Pleßke, CEO of Koenig & Bauer.
Group revenue increased by 6.3 per cent to €1,185.7 million in 2022. As in the previous year, almost 30 per cent of revenue was generated by service business.
In cumulative terms, earnings before interest and taxes (EBIT) amounted to €22 million, exceeding both the company’s own concrete forecast of €15 to 20 million and market expectations.
After income taxes of €–2.1 million, the group posted net profit of €11.1 million in 2022, equivalent to earnings per share of €0.63.
The current year will see a continuation of the massive effects of the Russian-Ukraine War, the unchanged high energy and commodity prices and the tighter monetary policies of international central banks in response to inflation rates above the target corridor. The economic headwinds will thus remain strong, with macroeconomic growth continuing to lose momentum. Despite this challenging macroeconomic environment, Koenig & Bauer projects group revenue of around €1.3 billion, accompanied by an EBIT margin of roughly three per cent for 2023. It expects the digital & web-fed segment to make a disproportionately large contribution to both EBIT and revenue growth.
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