Q3 2023 revenue wasEUR 124.5 million, down by 6% compared to Q3 2022 (EUR 132.9 million)
Normalized Q3 2023 EBITDA was EUR 13.1 million, compared to EUR 14.9 million in Q3 2022
Group added value as a percentage of revenue rose to 48.7% from 47.3% in Q3 2022, driven by the implementation of price increases
Automotive business improved on the back of more stable demand and higher added value margins
Industrial Brakes business encounters a significant market slowdown
The ransomware attack late August 2023 was successfully mitigated without causing substantial financial or reputational damage
China-based automotive projects ramping up according to plan


Key figures
see & read more on
https://www.kendrion.com/en/news-events/news/news-detail/q3-results-2023