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Orders for packaging presses account for 70% of sales.
May 16, 2016
By: DAVID SAVASTANO
Editor, Ink World Magazine
This year started well for the Koenig & Bauer Group (KBA). At €258.8m group revenue in the first quarter was up 46% on the prior-year figure of €177.3 million. All three segments posted considerable gains in sales, with new presses for growth market packaging printing climbing to over 70% of the total. Incoming orders of €266.3 million were slightly higher than revenue this quarter. Accordingly, order backlog at the end of March stood at €582.4 million, an increase on the figure from the...
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