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Given reduced sales, anticipated extraordinary expenses, it is likely that KBA will post a loss for 2013
November 5, 2013
By: DAVID SAVASTANO
Editor, Ink World Magazine
Based on expected results for the third quarter, the management board of Koenig & Bauer (KBA) has revised its previous sales and earnings forecast for 2013. In view of the much lower sales volume than expected in both business segments due to economic and market developments, the press manufacturer’s initial target of Group annual sales of approx. €1.3 billion in 2013 will not be reached and management estimates revenue of approximately €1.1 billion. Given reduced sales, anticipated extra...
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