Brief: Koenig & Bauer FY EBIT At EUR -68 Mln

Koenig & Bauer AG

24/03/2021 06:42

March 24 (Reuters) - KOENIG & BAUER AG  SKBG.DE :
    * MEDIUM-TERM TARGETS CONFIRMED: REVENUE OF €1.3BN WITH AN
EBIT
MARGIN OF AT LEAST 7%
    * ORGANIC REVENUE GROWTH OF APPROX. 4% AND BREAK-EVEN AT THE
EBIT
LEVEL PROJECTED FOR 2021
    * FY EARNINGS BEFORE INTEREST AND TAXES (EBIT) AMOUNTED TO
€-68M
IN 2020, COMPARED TO €70M IN THE PREVIOUS YEAR
    * FY REVENUE OF €1.0BN (2019: €1.2BN)
    * FY  NET LOSS OF €103M (2019: GROUP NET PROFIT OF €52M)
    * FY DECLINE IN ORDER INTAKE OF 14.6% TO €975M (2019:
€1.1BN)

Source text - https://bit.ly/3ciB5UW
Further company coverage:  SKBG.DE 

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