Katjes International with Positive Outlook for 2024

Katjes International GmbH & Co. KG has reported positive results for the first half of 2024. The group reported sales of EUR 157.9 million, an increase from EUR 155.4 million in the prior year. Despite the traditionally weaker first half, the company achieved an EBITDA of EUR 12.2 million.

The company expanded its brand portfolio by acquiring personal care brand Barnängen and increasing its stake in British confectionery brand Candy Kittens. The group equity was EUR 170.1 million as of 30 June 2024.

Katjes International maintains a strong liquidity position of nearly EUR 40 million. The company expects annual net sales between EUR 390-420 million and an EBITDA margin around 10% for the full year 2024.