Katjes International GmbH & Co. KG / NO0012888769

Katjes International with positive outlook for the full year 2024

Katjes International GmbH & Co. KG / Key word(s): Half Year Report/Forecast


23.08.2024 / 10:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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  Group sales increase to EUR 157.9 million in first six months (previous year: EUR 155.4 million) For full year 2024 consolidated net sales of EUR 390-420 million expected Guidance for EBITDA margin specified to around 10% Emmerich, 23 August 2024 – Katjes International has successfully completed the first six months of 2024 and published its half-year consolidated financial statements prepared in accordance with International Financial Reporting Standards (IFRS) for interim financial reporting today. Group revenue increased to EUR 157.9 million in the first half of the financial year (6M-2023: EUR 155.4 million). In the traditionally weaker first half of the year, due to the seasonal nature of the confectionery business, the Group achieved a consolidated operating result (EBITDA) of EUR 12.2 million (6M-2023: EUR 12.8 million). Katjes International's key performance indicator, the EBITDA margin, was 7.7% in the reporting period. In addition to the good financial results, Katjes International was able to expand its brand portfolio in the first half of 2024 by acquiring the personal care brand Barnängen and further expand its majority stake in the fast-growing British confectionery brand Candy Kittens by acquiring further minority interests. Group equity amounted to EUR 170.1 million as at 30 June 2024 (31 December 2023: EUR 176.0 million), while the equity ratio rose to 37.9% (31 December 2023: 36.9%). The liquidity position also remains very comfortable at just under EUR 40 million. Building on the strong brand portfolio and the goal of achieving further growth both through acquisitions and organically, the company is positive about the future and confirms its revenue guidance for the current year with expected net sales of EUR 390-420 million and specifies the expected EBITDA margin of around 10% at the upper end of the previously published range of 9% - 10%. The Group interim report as at 30 June 2024 is available at: https://katjes-international.de/en/investors/         CONTACT
Katjes International GmbH & Co. KG
Tel.: [phone]
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Website: www.katjes-international.de/en/   ABOUT KATJES INTERNATIONAL The legally independent Katjes International GmbH & Co. KG, together with its sister companies Katjes Fassin GmbH + Co. KG and Katjesgreenfood GmbH & Co. KG, is part of the Katjes Group. Katjes International primarily acquires companies with established consumer goods brands. The company includes the subsidiaries Sperlari with Dulcioliva and Paluani in Italy, the German companies Piasten, Dallmann's Pharma Candy with Bübchen and the Oral Care division, Candy Kittens in the United Kingdom and Harlekijntjes in the Netherlands. The company also holds around 23% of the French company Carambar & Co (CPK). Further information can be found at www.katjes-international.de/en/.     INFORMATION AND EXPLANATIONS OF THE ISSUER CONCERING THIS ANNOUNCEMENT To the extent that this release contains forward-looking statements, these statements are based on plans, estimates and projections currently available to Katjes International. Forward-looking statements therefore speak only as of the date they are made. Katjes International assumes no obligation to update or develop such statements in light of new information or future events. By their nature, forward-looking statements involve risks and uncertainties. A variety of important factors could cause actual results to differ materially from those in forward-looking statements. ----------------------------------- IMPORTANT NOTE This announcement constitutes neither an offer to sell nor a solicitation to buy or subscribe for securities of Katjes International GmbH & Co KG.

This communication does not constitute an offer of securities for sale in the United States of America. Securities may not be offered or sold in the United States of America absent registration under the U.S. Securities Act of 1933 or an exemption from its registration requirements. The securities have not been and will not be registered. Katjes International GmbH & Co. KG does not intend to conduct a public offering of securities in the United States of America. No exchange offer is being made in the United States of America with respect to any securities described in this announcement. Any purported exchange order submitted by a person located in the United States of America or by an agent or other intermediary acting for such person on a non-discretionary basis is void and will be rejected. This publication is not an offer of securities for sale in Canada, Japan or Australia

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23.08.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
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Language:	English
Company:	Katjes International GmbH & Co. KG
	Dechant-Sprünken-Str. 53-57
	46446 Emmerich am Rhein
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.katjes-international.de
ISIN:	NO0012888769
WKN:	A30V78
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1973987

End of News	EQS News Service

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1973987  23.08.2024 CET/CEST