Koenig & Bauer progresses with strategic alignment towards sustainable profitable growth
Printing equipment manufacturer Koenig & Bauer is aiming to increase group revenue to around €1.5 billion EUR ($1.67 billion USD) by 2023.
In the last financial year, the group achieved record EBIT in its 201-year history. On the strength of the good order and project situation ensuring full capacity utilization across the entire group, as well as the further progress made in the group projects targeted at service and cutting costs, the management board is confident of achieving organic growth of around four percent in revenue and an EBIT margin of around six percent in 2019.
This factors in the margin impact of the growth offensive 2023 to which management is attaching high priority. With all its initiatives and projects, the management board is aiming to increase group revenue to around €1.5 billion EUR with an EBIT margin of between 7-10 percent until 2023.
This is spurred on by the progress made in Koenig & Bauer’s strategic alignment towards achieving sustainable profitable growth.
Koenig & Bauer CEO Claus Bolza-Schünemann commented: ‘The entry into the market for folder gluers through the acquisition of Duran and the joint venture with inkjet pioneer Durst for digital folding carton and corrugated printing are key strategic milestones.
‘Following the signing of the agreement on April 10, we received anti-trust clearance at the beginning of May for the commencement of business by the new joint venture, Koenig & Bauer Durst. We are convinced that the joint venture will benefit from both companies’ spirit and that something quite unique will arise. With the acquisition of Swedish company All-Print Holding by our subsidiary Koenig & Bauer Coding, we are strengthening our presence in the marking and coding market in Scandinavia and substantially expanding our market position in tertiary packaging.’
He continued: ‘The increased orders in packaging printing, which is seeing structural growth and is less cyclical in nature, are particularly gratifying. Driven by large orders in security printing, we were able to maintain our international market leadership. Our mature RotaJET digital printing platform offers encouraging revenue and earnings potential in decor and flexible packaging printing.’