KATEK SE

Latest Results (13.05.2024):

Revenue Growth

In the third quarter of 2023, KATEK SE reported a significant revenue increase of 18.6% compared to the same period in the previous year, reaching EUR 587.9 million. This growth is attributed to strong performance across its segments, particularly in the Systems & Products segment, which saw nearly 21% growth.

EBITDA Improvement

KATEK SE's EBITDA surged by 83% to EUR 32.7 million in the third quarter of 2023, reflecting robust operational efficiency and successful acquisitions. The adjusted EBITDA, which excludes certain one-time effects, stood at EUR 28.0 million, demonstrating the company's strong underlying profitability.

Gross Margin Enhancement

The company's gross margin improved significantly, reaching over 30%, a 3.3 percentage point increase from the previous year. This improvement is a result of effective material price negotiations and stringent price enforcement with customers, showcasing KATEK SE's enhanced pricing power and cost management.

Operational Cash Flow

KATEK SE also reported a strong operating cash flow of EUR 26.8 million, supported by a 13.1% reduction in inventories, adjusted for M&A effects. This reduction is part of a broader working capital management program that continues to enhance the company's financial health and operational efficiency.

Strategic Outlook and Future Plans

Looking ahead, KATEK SE confirms its sales and earnings forecast for 2023, with expectations to reach revenues of three quarters of a billion euros. The company is focused on increasing operational efficiency, including automation and the use of artificial intelligence in cost management, to transform its scale into sustained profitability.