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Company reports COVID-19-related declines in order intake and revenue in 2020.
March 24, 2021
By: Anthony Locicero
Copy editor, New York Post
The Koenig & Bauer Group achieved revenue of €1.0 billion in 2020 (2019: €1.2 billion) despite the challenges posed by the COVID-19 pandemic. The 17.4% decline in revenue reflects the measures adopted by governments worldwide in 2020 to halt the spread of the COVID-19 pandemic. Travel restrictions in particular hampered international sales activities as well as order and project execution. Service business accounted for about 30% of the Group’s revenue in 2020 against th...
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