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Pre-tax earnings almost balanced after six months
August 11, 2014
By: DAVID SAVASTANO
Editor, Ink World Magazine
After the first six months of 2014, earnings of the Koenig & Bauer Group (KBA) were up significantly from the first quarter and 2013. Following a 3.1% rise in group sales to €517.8m year-on-year, group pre-tax earnings (EBT) were almost balanced after the first half-year at –€0.1m due to a pre-tax profit of €12m in the second quarter of 2014. The world’s second-largest press manufacturer still posted EBT of –€12.1m after the first three months, and a pre-tax loss of –€8.8m in 2013. The m...
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