Katjes International Exceeds Earnings Guidance for 2024

09 Apr 2025 10:00 CEST

Katjes International Exceeds Earnings Guidance for 2024

• Group revenue increased to EUR 392.6 million (previous year: EUR 377.4
million)
• Operating profit (EBITDA) increase to EUR 44.8 million (previous year: EUR
40.8 million)
• Joint venture with Shirin David

Emmerich, April 9th 2025 – Katjes International successfully concluded the
financial year 2024, surpassing the EBITDA guidance, which had been specified at
the upper end of the range during the course of the year. Group revenue
increased by 4% year-on-year to EUR 392.6 million (2023: EUR 377.4 million).
Operating profit (EBITDA) rose disproportionately by 10% to EUR 44.8 million
(2023: EUR 40.8 million), resulting in an EBITDA margin of 11% – well above the
expected 10%.

Operating cash flow was strong at EUR 45.6 million. The equity ratio remains
solid at around 36%, with total equity amounting to EUR 176.2 million.

During the fiscal year, a joint venture was formed with musician and
entrepreneur Shirin David, aiming to launch a unique body care line under the
brand name “Shirin Beauty” in the second quarter of 2025.
In addition, Katjes International markedly expanded its majority stake in the
British premium confectionery brand Candy Kittens throughout the year to
approximately 88%.
Complementing the existing boday care portfolio, Katjes International acquired
the Scandinavian-inspired body care brand “Barnängen” in the second quarter of
2024.

“We are pleased with another highly successful year in which we not only met but
exceeded our targets. With a focused brand strategy and an expanding portfolio,
we are well positioned for the future,” says Tobias Bachmüller, Managing Partner
of Katjes International.

For the current financial year 2025, Katjes International expects group revenue
of at least EUR 400 million and an EBITDA margin between 9% and 10%.

The audited consolidated financial statements for 2024 are available at
https://katjes-international.de/en/investors/.
 


CONTACT
Katjes International GmbH & Co. KG
Tel.: +49 (0) 2822/601-700
Fax: +49 (0) 2822/601-125
E-Mail: kontakt@katjes-international.de
Website: www.katjes-international.de/en/


ABOUT KATJES INTERNATIONAL
Katjes International GmbH & Co. KG, together with its two legally independent
sister companies, the well-known confectionery manufacturer Katjes Fassin GmbH &
Co. KG and Katjesgreenfood GmbH & Co. KG, as well as the respective subsidiaries
and investments of these three companies, form the Katjes Group ("Katjes
Group"). With a focus on so-called Fast Moving Consumer Goods - FMCG (mainly
confectionery and personal care products) in Europe, the issuer bundles its
investments in companies with (from the point of view of the Katjes Group)
strong and established brands. In doing so, the issuer sees itself as a
carve-out investor, such as in the acquisitions of Galderma/Nestlé and the
latest transaction with Henkel. The business includes the seven subsidiaries
Sperlari with Dulcioliva and Paluani in Italy, the German companies Piasten,
Dallmann's Pharma Candy with Bübchen Body Care and Bübchen Oral Care and
Harlekijntjes in the Netherlands. In addition, the company holds interests of
ca. 88 % in the British company Candy Kittens Limited and of around 23% in the
French company Carambar & Co. (CPK).
For more information, visit 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.

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643278_090425_Katjes International exceeds earnings guide for 2024.pdf
643278_20250409-Katjes-International-annual-report-FY2024-EN.pdf