Koenig & Bauer AG
The Koenig & Bauer group took a large step towards achieving its growth targets for revenue and earnings in 2017.
In the second quarter of 2015 Koenig & Bauer (KBA) came significantly closer to achieving its target of positive results in all business segments. At €607.5m, its order intake was up 33.2 percent year over year. The company believes that positive results in all business areas are within reach. President and CEO Claus Bolza-Schünemann stated, "Group profit before taxes of €6.9m in the second quarter led to an improvement in our EBT from –€17.7m after three months to –€10.8m mid-year. We are particularly pleased with the major improvements in earnings in Sheetfed and Digital and Web. Despite this half-time shortfall, with catching-up in mind we continue to target an EBT margin of up to 2 percent of sales for 2015."
Folding carton manufacturer Walter G. Anderson Inc. has purchased its fourth KBA Rapida 145 press for its headquarters in Hamel, Minnesota. "Our current three Rapida 145 presses run round-the-clock and have become workhorses producing our folding carton work," stated Marc Anderson, president and CEO.
Bucking the industry trend, KBA’s group order intake increased 27 percent from the previous year.
Commercial printing industry supplier company and personnel news from Printing Impressions’ June 2014 edition, featuring Hohner Maschinenbau GmbH and Ernst Nagel GmbH Stuttgart, HS Boyd Co., GammTech Corp., Domtar Corp., Mac Papers, GPA
Beginning January 1, 2014, KBA North America will be the North American exclusive distributor for its newly-acquired Italian flexible packaging press manufacturer Flexotecnica. The new subsidiary will function as KBA-Flexotecnica.
Koenig & Bauer AG (KBA) earnings before and after tax were higher than in 2011, despite a considerable one-off special depreciation. The management and supervisory boards will propose a dividend of 40 cents per share at the AGM on 13 June 2013 to allow shareholders to participate in the group’s positive result and the parent’s profit.
Commercial printing industry supplier company and personnel news from Printing Impressions' October 2010 edition.
German press manufacturer Koenig & Bauer AG (KBA) published its 2008 financial statements on 30 April following preliminary disclosures on 26 March.
The global economic downturn had a disproportionately severe impact on the inflow of orders for batch-produced sheetfed presses, which plunged 22.6% to €598.5m (2007: €773.5m). The web and special press division, where multi-unit installations with lengthy production times dominate the schedule, exerted a stabilizing influence, with new orders totalling €643m (16.9% below the prior-year figure of €773.4m). Group orders therefore shrank 19.7% to €1,241.5m (2007: €1,546.9m).
Overtime and holiday accounts are being run down at KBA’s web press production plants, and the Christmas closure extended. As was also announced on 14 November, KBA’s sheetfed facility, which officially introduced short-time work at the beginning of November, is having to trim its payroll by 400