Industry News, Printers News

Koenig & Bauer Publishes Q3 2020 Report

Adjusted EBIT almost reached break-even during the quarter.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

As in many industries, the COVID-19 pandemic, which is worsening again in most countries over the past few weeks, has left clear traces on the course of business in the Koenig & Bauer group. In Q3 2020, order intake was down 13.8% at €232.6 million and revenue was down 32.2% at €198.1 million year-on-year. In the first three quarters of 2020, new orders of €712.8 million were below the previous year’s figure of €843 million by 15.4%, although this was better than the general sector figures...

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