KBA Start 2017 on a High Note
On its 200th year, the Koenig & Bauer group began with a 20.7% higher order intake to €321.5m, while their revenue remained the same as the previous year’s. Their order backlog rose by 6.4% and EBIT jumped from €2.1m to €5m.
According to CFO Dr Mathias Dahn, the progress was due to the group’s focus on packaging and printing and their 2016 service initiative.
The expanding flexo packaging activities have been assigned to the Digital & Web segment since the beginning of the year. The systems for flexible packaging, which is a market of the future, are also web printing presses. With order intake up 18.5% to €57.7m and revenue declining slightly to €30.4m, the order backlog rose from €95.5m to €103.5m. The optimisation of KBA-Flexotecnica (–€1.8m), high R&D expenses and the revenue shortfall left traces on the segment earnings of –€2.3m (2016: –€2.6m).