Koenig & Bauer AG

SKB

Equity

ISIN DE0007193500 / Valor 338875

Xetra (2025-11-21)

EUR 9.66-0.72%

Koenig & Bauer AG
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About company

Koenig & Bauer AG, with a history spanning over 200 years, stands as the oldest manufacturer of printing presses globally, marking a significant presence in the printing industry through its innovative solutions. The company specializes in the development, production, and distribution of a wide array of printing systems, including sheetfed and web offset, flexo, and digital printing presses, as well as flatbed and rotary die cutters, folding-box gluers, and specialized presses for security and metal decorating, among others. These systems cater to a diverse range of applications across packaging, banknote, security, industrial, commercial, and publication printing sectors, handling a variety of substrates from paper and cardboard to foil, glass, and metal. Koenig & Bauer's product portfolio is distinguished by its breadth, catering to the growing market demands, particularly in packaging and banknote printing, where it claims global leadership in market and technology. The company also emphasizes service offerings, including fully automated print workflows and networked printing, aiming to increase the service business's contribution to its revenue. In 2022, Koenig & Bauer reported a revenue of €1,185.7 million, supported by a global workforce of 5,485 employees across eleven production sites and numerous sales and service organizations.

Summarized from source with an LLMView SourceSector: Industrials

Order Intake & Revenue

The nine-month order intake reached €856.8m, down 13.3% from the previous year, with Q3 order intake falling to €249.9m (a 27.9% drop). Nevertheless, revenue showed resilience with a 5.0% increase to €860.9m for the nine-month period and an 8.0% rise in Q3 to €310.5m, driven by growth in key segments such as Paper & Packaging and Special & New Technologies.

Improved Profitability

Profitability improved markedly in Q3 2025. The EBIT turned positive at €1.6m compared to a loss of €55.6m in Q3 2024, while Operating EBIT improved from -€31.2m to €6.4m. These gains, supported by planned cost savings and an operational focus on efficiency, lifted the operating EBIT margin from -3.8% to 0.7% in the quarter.

Cash Flow & Backlog Strength

Free Cash Flow turned positive in Q3 2025, recording +€21.8m compared to an outflow of €-8.1m in the prior year. Furthermore, the order backlog remained robust at a historically high level of €1,035.7m, providing a strong foundation for future revenue generation.

Outlook

Koenig & Bauer AG maintains its full-year guidance for 2025 despite the current challenges. The company expects slight revenue growth up to €1.3bn and an operating EBIT target within a corridor of €35–50m, underscoring the confidence in its ongoing operational turnaround strategy.

Summarized from source with an LLMView Source

Key figures

-14.1%1Y

-37.3%3Y

-59.2%5Y

Performance

40.9%1Y

38.4%3Y

38.5%5Y

Volatility