AlternInvest GmbH recently increased its holding by 100,000 shares from 10.2% to 10.8%.
A spokesman for Vienna-based AlternInvest said: “Through our many years of industry knowledge, we are deeply convinced that the growth market of packaging ‘pays off’ in the truest sense of the word – because with rising incomes, more and more people worldwide can afford packaged food, beverages and everyday goods.”
As of May 2024, prior to this change, the company’s biggest shareholder was Koenig’sche Aktionärsvereinigung, which at the time had a 16.7% stake.
Last month Koenig & Bauer confirmed that its operating earnings would reach the lower end of the forecast range of €25m (£21.4m) to €40m in 2024 and that it would achieve its revenue target of around €1.3bn despite the “persistently difficult” market situation.
Shares in Koenig & Bauer have fallen by nearly 25% over the past month and were down by around 1.3% on yesterday’s close at the time of writing just before lunchtime today (9 August) at €10.30 (52-week high: €15.34, low: €9.69).