Koenig & Bauer Reduces its Revenue and Earnings Outlook for 2019
Press release from the issuing company
In a market environment that remains very demanding for Koenig & Bauer, not all expected orders could be booked and further project completions scheduled for this year could not be finalised as planned. In addition, higher order processing costs have reduced the margin. Accordingly, the management board of Koenig & Bauer AG expects group revenue at the previous year's level and an EBIT margin of between 4% and 4.5% in the 2019 financial year.
Koenig & Bauer will publish the annual report 2019 including an outlook for 2020 on 19 March 2020.
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