Koenig & Bauer has reported a big increase in sales in first quarter (Q1) of 2023 with marginally reduced losses in same quarter.
Reputed as the highest Q1 revenue in the company’s recent history, sales in Q1 jumped by nearly 18% to €281m while the EBIT loss was €3.2m, a €5.3m improvement on the prior year.
Koenig & Bauer’s Digital & Webfed division was the star performer with sales up 26.8% to €35.5m driven by web-fed inkjet RotaJet devices. The division’s EBIT loss reduced to €3.1m (2022 loss: €6.1m). The group’s biggest unit – the Sheetfed division, posted sales up 25.3% at €157.3m, while its EBIT loss reduced from €3.6m to €0.7m. Sales of special presses including metal printing, direct-to-object and banknotes grew by 6.4% to €97.1m, and the division was back in the black with an EBIT of €0.9m compared to last years’ €0.7m loss.
