Koenig & Bauer Exceeds Forecast

Koenig & Bauer has reported that, based on its preliminary and as yet unaudited figures, group EBIT for 2022 has exceeded its own forecast, as well as market expectations. This was in spite of a challenging environment characterised by supply chain constraints and an associated increase in material and energy costs, and a loss in one of its main divisions – the Digital and Webfed segment.

Sales were €1.186 billion, up 6.3% compared with 2021. EBIT of €22 million was above the company’s forecast of €15-20 million, but down by 22.8% compared with the previous year (albeit the 2021 figure was inflated due to restructuring adjustments). Following a ‘moderate’ start to the year, sales increased throughout the course of the year with a return to robust order intake level in the final quarter. It is forecasting €1.3 billion in sales for 2023.