Error
  • JUser::_load: Unable to load user with id: 69

KBA Sales Slow, Continues Realignment

June 12, 2013
By

Koenig & Bauer AG held its 88th annual general meeting which saw company executives update shareholders on the company’s state of realignment.

The company revealed figures for the first five months of 2013 significantly worse than 2012, a result attributed to a successful drupa show. Group order intake was down 25 percent to €362 million. The Group posted a €2.3 million profit on sales of €1.3 billion over the past year.

“When looking at the industry situation it must be noted that KBA is the only large press manufacturer to have remained in the black operationally and after interest for the fourth year in a row despite considerable restructuring expenses and a substantial value adjustment to fixed assets in our sheetfed division. We know that there is room for improvement and we are pushing forward in many areas to increase profitability.”

The company’s restructuring efforts will continue, meaning the company anticipates similar sales figures for 2013 as 2012, despite a forecasted decline in sales volume for web offset presses.

Official results for the company’s first half of 2013 will be published on August 9th.

Add comment


Security code
Refresh

Subscription Centre

 
New Subscription
 
Already a Subscriber
 
Customer Service
 
View Digital Magazine Renew

Most Popular

Latest Events

LabelExpo Americas 2018
September 25-27, 2018
Print 18
September 30-2, 2018
SGIA Expo
October 18-20, 2018
Canadian Printing Awards
November 8, 2018
Graphics Canada 2019
April 11-13, 2019

Marketplace


We are using cookies to give you the best experience on our website. By continuing to use the site, you agree to the use of cookies. To find out more, read our Privacy Policy.