Koenig & Bauer AG (KBA) First-Quarter Report
Posted: 5/16/2012 | By: World of Print
Pre-tax profit, boost from Drupa trade fair
Disclosing the first-quarter figures for German press manufacturer Koenig & Bauer AG (KBA), president and CEO Claus Bolza-Schünemann gave an upbeat preliminary assessment of the group's performance at Drupa, the definitive trade fair for the print media industry, which closes on 16 May. The high level of attendance on the KBA stand and the keen interest expressed in the raft of new product launches exceeded all expectations, which given the current economic issues in some key foreign markets were modest. With customers coming from some 30 countries around the world, KBA booked a string of orders for sheetfed offset presses in all the formats offered, and also booked some web press orders from printers in Germany and elsewhere.
- Group sales up 4%
- 8% increase in sheetfed orders
- Order backlog 29% higher than in prior year
- Group pre-tax profit
- New product launches attract keen market interest
- Outlook for 2012: higher sales and earnings
Disclosing the first-quarter figures for German press manufacturer Koenig & Bauer AG (KBA), president and CEO Claus Bolza-Schünemann gave an upbeat preliminary assessment of the group's performance at Drupa, the definitive trade fair for the print media industry, which closes on 16 May. The high level of attendance on the KBA stand and the keen interest expressed in the raft of new product launches exceeded all expectations, which given the current economic issues in some key foreign markets were modest. With customers coming from some 30 countries around the world, KBA booked a string of orders for sheetfed offset presses in all the formats offered, and also booked some web press orders from printers in Germany and elsewhere.