KBA Profits from Strong Standing in Niche Markets

WÜRZBURG, GERMANY—Nov. 15, 2011—While the third quarter saw demand in the press engineering sector slow, German press vendor Koenig & Bauer AG (KBA) profited from a strong presence in niche markets such as security printing, metal decorating and industrial coding, where demand is robust. In the summer quarter, the group booked new orders worth €472.8m, the highest level since the record year of 2006. The order intake for the nine months to October was up 15.4 percent at €1,155.7 million (2010: €1,001.2m). The order backlog passed the €800 million mark for the first time since summer 2008, totalling €810.8m. However, revenue for the full nine months rose by just 1.8 percent to €785.7 million (2010: €772.1m).