Brief: Koenig & Bauer 9-month Group EBIT Down At EUR 5.2 Mln

Koenig & Bauer AG

07/11/2019 06:46

Nov 7 (Reuters) - KOENIG & BAUER AG  SKBG.DE :
    * IN THE FIRST THREE QUARTERS OF 2019, THE KOENIG & BAUER
GROUP
ACHIEVED AN ORDER INTAKE OF €843M
    * 9-MONTH GROUP EBIT OF EUR 5.2M (2018: EUR 28.6M)
    * 9-MONTH GROUP REVENUE INCREASED SLIGHTLY AS COMPARED TO
PRIOR
YEAR (EUR 788.8M) TO EUR 798.2M
    * ACHIEVEMENT OF OUR ANNUAL TARGETS 2019 HAS BECOME
SIGNIFICANTLY
MORE CHALLENGING WITH WEAKER ORDER INTAKE IN Q3
    * ACHIEVEMENT OF OUR ANNUAL TARGETS 2019 HAS BECOME
SIGNIFICANTLY
MORE CHALLENGING IN THIS DEMANDING MARKET ENVIRONMENT WITH
WEAKER ORDER INTAKE IN Q3
    * FY TARGET ACHIEVEMENT IS SUBJECT TO SCHEDULED ORDER
PROCESSING,
BOOKING OF EXPECTED ORDERS AND TIMELY EFFECT OF COST REDUCTION
MEASURES THAT HAVE BEEN INITIATED

Source text for Eikon:  ID:nNDL28P2v6 
Further company coverage:  SKBG.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;;))