Q1 2025 Koenig & Bauer AG Earnings Call Transcript
Key Points
- Koenig & Bauer AG (WBO:SKB) confirmed its guidance for the year, despite international political disruptions.
- The company reported a slight increase in order intake year-on-year, rising by 0.9%.
- The order backlog is at its highest level at the start of the year in recent history, providing a strong foundation for future operations.
- The new paper and packaging segment showed positive revenue growth and a slight improvement in earnings.
- The Spotlight program is on track, contributing to cost savings and supporting the company's financial targets.
- The company experienced a difficult first quarter, which is typical due to seasonality, but still concerning.
- Group revenue was below the first quarter due to seasonality and other factors.
- Operating EBIT was negative at minus EUR11.4 million, slightly worse than the previous year's minus EUR10.2 million.
- There were temporary effects of around EUR5 million in the special and new technologies segment, impacting profitability.
- The company faces uncertainties related to global economic and geopolitical developments, which could affect future performance.
Good day to everybody. (spoken in foreign language) Welcome to our presentation of the quarterly results. If we switch to page 2, please. I start with a summary about Koenig & Bauer at a glance as usual. I think the first and most important message for this year is that we are well off with the Spotlight program and in an environment where we can -- despite all the international political disruptions, where we can confirm our guidance.
I think that's the most important message which we give out today. We have seasonal effects, but the guidance is still the guidance, and we are still with it, we have priced that all in. We had a difficult first quarter, but that again is nothing unusual in the Koenig & Bauer world in the same way as the fourth quarter is always for people who have good nerves. If you look at the amount of turnover and EBITDA which you want to create in only three months, it has also been for a very long time that the first quarter was slightly difficult and there is no change
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