KBA Q1 Report: Earnings Hit by Behind-Schedule Sales

WÜRZBURG, GERMANY—May 14, 2013—Given the current economic uncertainty, global investment restraint in printing presses already visible towards the end of last year continued in the first quarter of 2013. Koenig & Bauer (KBA) disclosed a 15.5 percent reduction in the group’s new orders to €200m (2012: €236.6m). Group sales of €190.7m were also below last year’s figure of €263.5m due to shipments postponed by customers and more deliveries planned in the second half of the year. On March 31, group order backlog of €657.3m was slightly higher than at the beginning of the quarter, but still 17.7 percent lower than the prior-year figure of €798.8m.