Industry News, Printers News

Koenig & Bauer Publishes Q1 2020 Report

Reports solid order intake of €271.5 million, but revenue and earnings impacted by coronavirus pandemic.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

While Koenig & Bauer was able to achieve a sound group order intake of €271.5 million in the first quarter of 2020, the coronavirus pandemic, which has been spreading rapidly since January, has already had a considerable impact on revenue and earnings. With group revenue 25.3% lower than in the prior year at €172.4 million, EBIT was –€34.9 million. Restrictions especially in traveling initially imposed in China and then gradually in many parts of the world are having a significant impact on...

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