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Sales rise 8.5 percent with positive earnings and financial figures
November 12, 2014
By: DAVID SAVASTANO
Editor, Ink World Magazine
The world’s second-largest press manufacturer, Koenig & Bauer (KBA), made significant progress in the third quarter with the implementation of its Fit@All programme and in achieving its sales and earnings targets for 2014. Group sales to Sept. 30, 2014 were up 8.5% to €791.8m. The increase in sales, the expanded service business and cost savings achieved resulted in an operating profit of €7m. This was an improvement of approximately €18m. The group posted a pre-tax profit (EBT) of €1.2m aft...
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