EQS-News

Katjes International growing by 28.1%

EQS-News: Katjes International GmbH & Co. KG / Key word(s): Annual Report/Annual Results Katjes International growing by 28.1% 27.03.2024 / 12:00 CET/CEST The issuer is solely responsible for the content of this announcement.  Katjes International growing by 28.1%

• Group sales increase to EUR 377.4 million (previous year: EUR 294.5 million)
• Group operating result (EBITDA) at EUR 40.8 million (previous year: EUR 37.3 million)
• Sales and EBITDA margin therefore above the guidance

Emmerich, 27. March 2024 – Katjes International concluded the financial year 2023 very successfully in a continuously challenging market environment and exceeded the guidance which had already been raised over the course of the year. The consolidated financial statements for the corresponding reporting period, prepared in accordance with international accounting standards (IFRS), were published today.

Consolidated sales increased by 28.1% from EUR 294.5 million to EUR 377.4 million in the financial year 2023 and were therefore above the guidance of EUR 350-375 million, which had already been raised following the publication of the interim consolidated financial statements in 2023. The consolidated operating result (EBITDA) amounted to EUR 40.8 million (previous year: EUR 37.3 million). The key performance indicator for Katjes International is the EBITDA margin. In the reporting period, this was 10.8% (previous year: 12.7%) and therefore also above the guidance of 9-10%.

Group equity increased to EUR 176.0 million as of the balance sheet date of December 31, 2023, while the equity ratio remained stable at a comfortable level of 36.9%.

In September 2023, the outstanding EUR 110 million bond from 2019 was refinanced early and the volume of the newly issued bond in September 2023 was increased by EUR 5 million to a total of EUR 115 million due to high demand. There was a good response to the exchange offer granted to existing investors for the first time, as well as the first time possibility of subscription via the issuer's website. In addition, demand from institutional investors as part of the international private placement was also very strong. Therefore, the Katjes International management draws – similar to the three previous bond placements - a very positive conclusion of the 2023/2028 bond, which was issued for the first time structured as a so-called “Nordic Bond”.