MUNICH – Katek announced record revenue of EUR782.8 million ($831.4 million) for 2023, representing growth of 15% from 2022's total.

The company said consistent working capital management led to an organic reduction in inventories of just under 18% with simultaneous growth, and particularly noteworthy is the strong sales growth in the solar sector of over 32% in 2023. With economic uncertainties in the first part of 2024, including changed demand and call-off behavior of customers, the company has lowered its growth expectations by EUR15 million ($15.9 million).

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