Group
Interim Report
First Half-Year 2021
Koenig & Bauer Group in figures
01.01. - 30.06.
in €m | 2020* | 2021 | ||
Order intake | 480.2 | 615.3 | ||
Revenue | 515.7 | 493.2 | ||
Order backlog at 30.06. | 650.4 | 754.1 | ||
Export level in % | 85.7 | 84.0 | ||
Earnings before interest and taxes (EBIT) | -19.8 | 6.4 | ||
Earnings before taxes (EBT) | -21.8 | 1.3 | ||
Net profit/loss | -24.3 | 1.1 | ||
Balance sheet total at 30.06. (prior year: 31.12.) | 1,321.1 | 1,268.1 | ||
Equity at 30.06. (prior year: 31.12.) | 342.2 | 354.1 | ||
Investment in intangible assets, | ||||
property, plant and equipment | 19.4 | 12.1 | ||
Depreciation on intangible assets, | ||||
property, plant and equipment | 17.1 | 18.2 | ||
Payroll at 30.06. | 5,661 | 5,402 | ||
- thereof apprentices/trainees | 284 | 264 | ||
Cash flows from operating activities | -68.6 | 26.5 | ||
Earnings per share in € | -1.48 | 0.05 | ||
* adjusted
Contents
Letter to shareholders | 4 |
Koenig & Bauer shares | 9 |
Group management report 10
10 | Macroeconomic and | |
industry conditions | ||
10 | Business performance | |
12 | Earnings, finances and assets | |
14 | Segment performance | |
16 | Research and Development | |
18 | Employees | |
19 | Risks and Opportunities | |
19 | Outlook | |
Sustainability | 21 | |
Interim accounts | 26 | |
26 | Group balance sheet | |
27 | Group income statement | |
28 | Statement of changes in | |
Group equity | ||
28 | Statement of comprehensive | |
Group income | ||
30 | Group cash flow statement | |
31 | Notes | |
Key financial dates | 36 |
3
Letter to shareholders
Dear shareholders,
The first half of 2021 was favourable for the Koenig & Bauer Group in several respects. Our customers ordered around 28% more than in the same period of the previous year. This performance was particularly underpinned by the increase of around 45% in orders in the Special segment. Orders were up on the previous year in all parts of this segment.
In June, MetalPrint recorded one of the best order intakes in the Company's history. This shows that, after a difficult first half for this segment, the order situation is improving and that the global economic engine is increasingly gaining momentum, allowing Koenig & Bauer to face the future with confidence and in a good position. Order intake was also up in the Sheetfed segment again, rising by around 30%, with the sharply growing and more pandemic-resistant packaging printing market accounting for the bulk of this growth. This enabled us to further expand our position in the market for sheetfed offset presses for packaging printing. The market leadership in Germany achieved in 2020 after the substantial increase in market share was particularly gratifying.
Koenig & Bauer also celebrated a number of successes in China - at this year's China Print in Beijing from 23 to 27 June we set a new record for this trade fair in terms of the number of orders received. At the core of the presentation was the world premiere of the new Rapida 105 generation. It was one
4
Letter to shareholders
from left to right: Dr Andreas Pleßke
CEO - Board member Special segment Dr Stephen M. Kimmich
CFO
Michael Ulverich
COO - Production, Purchasing & Logistics
Ralf Sammeck
CDO - Board member Sheetfed segment
Christoph Müller
Board member Digital & Webfed segment
of the absolute highlights of the fair and also attracted great attention beyond it. The visitors to our stand at the fair were impressed by the demonstrations of the new medium-format press, its high printing performance and the swift job changes. The fact that the press is wholly developed and produced
in Germany is another key factor in its favour. Thanks to the comprehensive scope for configuration and its suitability for a wide range of different substrates, the new Rapida 105 can be used in packaging, commercial and also label printing. In this way, our customers can widen their product range and harness new potential for their business success. Alongside the medium-format presses, the large-format Rapida 145 and Rapida 164 sheetfed offset presses also enjoyed strong demand. This is due to the particular need for high-quality packaging - mainly for mobile telephones and consumer electronics.
This shows that our customers' spending reticence is beginning to dissipate in many areas. Nevertheless, some new investments are being postponed due to the uncertainty surrounding the Covid-19 pandemic. In the first half of 2021, this mainly concerned incoming orders in digital decor and corrugated printing. However, as of the end of July 2021, a total of five machines from the CorruCUT series had been successfully marketed to beta customers as well as new
5
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KBA - Koenig & Bauer AG published this content on 29 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2021 05:36:12 UTC.