Brief: Koenig & Bauer H1 EBIT Down At EUR 10.6 Mln

Koenig & Bauer AG

01/08/2018 06:38

Aug 1 (Reuters) - Koenig & Bauer AG  SKBG.DE :
    * STRONG ORDER INTAKE OF €454.4M IN THE SECOND QUARTER
    * IS ON TRACK TO MEET ITS TARGETS FOR 2018
    * Q2 REVENUE OF €297.1M
    * H1 REVENUE CAME TO €514.4M BUT FELL SHORT OF THE PREVIOUS
YEAR’S
FIGURE OF €538.9M
    * H1 EBIT AT €10.6M WAS LOWER THAN IN 2017 (€16.3M)
    * ORDER BACKLOG OF €805.8M AS OF THE END OF THE FIRST HALF
YEAR
    * PROJECTS IN THE PIPELINE SHOULD CAUSE EARNINGS TO RISE BY
€70M
OVER 2016 BY 2021
    * KOENIG & BAUER - TARGETING GROUP-WIDE ORGANIC REVENUE
GROWTH
RATE OF AROUND 4% P.A. AND EBIT MARGIN OF BETWEEN 4% AND 9% BY
2021

Source text - https://bit.ly/2LTW3Ns
Further company coverage:  SKBG.DE 

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