Katjes International Reports Significant Growth in 2023

Katjes International GmbH & Co. KG announced a notable growth of 28.1% in its yearly financial report. The company, which operates in a challenging market environment, recorded a jump in group sales to EUR 377.4 million, up from EUR 294.5 million in the previous year. This increase surpassed the initially revised guidance of EUR 350-375 million. Moreover, the company's operating result, denoted as EBITDA, rose to EUR 40.8 million from the preceding year's figure of EUR 37.3 million, aligning with the improved sales margin that also exceeded expectations.

The report highlighted a stable equity ratio of 36.9% with group equity reaching EUR 176.0 million by the end of 2023. Additionally, Katjes International successfully refinanced an outstanding EUR 110 million bond from 2019 in September 2023, raising an additional EUR 5 million due to high demand. The newly issued bond for 2023/2028, structured as a "Nordic Bond," received strong interest from both individual and institutional investors. With a robust brand portfolio, the company remains optimistic, targeting group sales between EUR 390 million and EUR 420 million for the current financial year, with an EBITDA margin forecast of 9% to 10%.