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Last updateTue, 23 Apr 2024 4pm
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Koenig & Bauer looking to the future with confidence and in a strong position after a good first six months in 2021 with improved earnings despite lower revenue

Roughly 28% increase in order intake, particularly underpinned by double-digit growth in the Special and Sheetfed segments

Koenig & Bauer’s strategy paying off: in addition to trade fair success in China, successful entry into the corrugated board production market
P24x efficiency programme spurring earnings, €26.2m improvement in EBIT to €6.4m despite pandemic-induced revenue decline
Increase of €103.3m in free cash flow to €14.3m, taking Koenig & Bauer back to its pre-pandemic net financial position
Forecast for 2021: 2% EBIT margin on revenue of €1,100 – 1,135m; medium-term targets confirmed

Covestro: Change in Forecast

Covestro is raising its forecast for EBITDA, free operating cash flow (FOCF) and return on capital employed (ROCE) for fiscal year 2021 as a result of a further improved business outlook for the second half-year. The new expectation exceeds the previously provided forecast as well as current capital market expectations.


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