Log In | Become a Member | Contact Us

Leading printing executives into the future

Connect on Twitter | Facebook | LinkedIn

Featured:     NEW: Inkjet Resources & Knowledge Base     Industrial Print Analysis     European Coverage     Conversations on Print Podcast

KBA Reports Increase in New Orders

Monday, March 05, 2012

Press release from the issuing company

Preliminary figures issued on 2 March reveal that German press manufacturer Koenig & Bauer AG (KBA) bucked the industry trend in 2011 to post a pre-tax group profit for the third year in succession, the total being in the single-digit millions.

Group sales were marginally lower than in 2010 (€1,179.1m) following slacker demand in the second six months and delays to shipments in the fourth quarter. However, at more than €1.5bn, the volume of new orders surpassed the prior-year figure by over 20%, primarily due to brisk demand for special presses. The order backlog at year’s end topped the €800m mark, exceeding the prior-year figure of €440.8m by over 80%. As management indicated at an analysts’ conference on 9 December 2011, while the world’s second-largest press manufacturer failed to achieve its growth targets for sales and earnings, its performance was once again above the industry average. A major contributory factor was the group’s balance of high-volume and niche products.
KBA reports a good start to 2012 in terms of sales and new orders. The official figures for 2011 will be released on 30 March.


Post a Comment

To post a comment Log In or Become a Member, doing so is simple and free



Email Icon Email

Print Icon Print

Become a Member

Join the thousands of printing executives who are already part of the WhatTheyThink Community.

Copyright © 2017 WhatTheyThink. All Rights Reserved