Stable financial year 2023/2024 despite adverse circumstances
The KERN-LIEBERS Group closed the 2023/2024 financial year with a turnover of 767 million euros. This corresponds to a decrease of 3% compared to the previous year, in which sales of EUR 787 million were achieved. The decline is mainly due to unfavorable exchange rate effects.
Dr. Erek Speckert, CEO of the KERN-LIEBERS Group, explains: "In a difficult global market environment and in view of the high level of uncertainty in the important German market, we were able to significantly improve all key financial figures, with the exception of the slight decline in sales. Our continued very successful cash management is particularly noteworthy here."
Speckert continues: "Despite the stability we have achieved, it is essential that we continue our course of modernization, consolidation and more stringent market orientation. The economic conditions do not allow us to take a breather. We must remain agile and adaptable in order to successfully meet future challenges."
In the past financial year, the KERN-LIEBERS Group invested 19 million euros in new projects and the acquisition of machines, which corresponds to 2.5% of total turnover. These investments underline the company's commitment to innovation and technological development in order to remain competitive in the long term.
In view of the geopolitical uncertainties and continuing cost increases, KERN-LIEBERS is not issuing a forecast for the coming financial year.
The KERN-LIEBERS Group currently employs 6,580 people worldwide, including 2,950 in Germany and 1,090 at its headquarters in Schramberg-Sulgen.
