First-half 2025 Financials for Koenig and Bauer

Koenig and Bauer, a leading global technology provider of special printing applications with a particular focus on the packaging sector, in June published its report on the first half of 2025 and confirmed its positive business performance in the first half of the year. At the heart of the company’s performance are the systematic measures that it is bundling under the motto “Focus in Action.” These have already generated a significant improvement in earnings and are laying the foundations for further profitable growth. The publication of the report coincides with the 40th anniversary of the company’s stock exchange listing, which is being recognised today at a capital markets day in Frankfurt/Main.

“The figures for the first half of the year are clear proof that we are headed in the right direction,” said Stephen Kimmich, PhD., chief executive officer of Koenig & Bauer AG. “With specific initiatives such as “AI Empower 25” and the pioneering spirit being imbued through forward-looking technologies such as battery coating, we are demonstrating that we are not merely managing but also actively shaping the transformation process.”

Group revenue climbed by 3.5% to €550.4m in the first half of the year, driven in particular by the second quarter, which saw revenue grow by 7.0% to €298.2m. At €1,096.3m, the order backlog was up 7.4% on the previous year, marking the highest figure in the company’s recent history. Order intake reached €606.9m in the same period; this is a solid figure given the muted demand in the wake of the uncertainties surrounding US tariffs and the large order intake that had been registered in connection with drupa in the previous year.

The positive trend is particularly evident in profitability, with operating EBIT improving by 69.1% year-on-year to €-9.6m. This performance benefited from the planned savings under the “Spotlight” programme. On balance, free cash flow amounted to €-83.7m (previous year: €-27.7m), mainly due to the expected increase in net working capital.

Alexander Blum, PhD., chief financial officer of Koenig & Bauer AG commented: “In view of the challenges arising from the new trade policies in the United States, our focus on strengthening profitability is more important than ever. The high order backlog provides us with a solid basis for this. We are systematically leveraging the measures under our “Spotlight” programme to gradually and sustainably improve the Group’s profitability through enhanced efficiency and cost management.”

The favourable business performance is the result of a clear strategic orientation. The path into the “age of performance” is based on a strategic framework with four clear thrusts: go-to-market, competitiveness, resilience and intelligence, all serving the “Customer First” guiding principle. This framework is already being implemented through concrete projects:

Intelligence & Customer First: via the “AI Empower 25” programme and a partnership with Google, Koenig & Bauer is boosting internal efficiency. Externally, the new Koenig & Bauer Kyana unit is developing AI-supported customer solutions.

Resilience & go-to-market focus: the successful development partnership with Volkswagen subsidiary PowerCo SE for sustainable battery cell production demonstrates the ability to transfer core competencies to new markets of the future.

Consistent focus: a review of the future alignment of Koenig & Bauer Coding GmbH has been initiated as a logical step in the strategy. This review is considering all options, including a joint venture, a partnership or a possible sale.