Brief: Koenig & Bauer Q1 EBIT At Negative EUR 2.8 Mln

Koenig & Bauer AG

03/05/2019 06:38

May 3 (Reuters) - Koenig & Bauer AG  SKBG.DE :
    * DOUBLE-DIGIT INCREASE IN ORDER INTAKE IN THE FIRST QUARTER YEAR-OVER YEAR TO €276.4M
    * AT €230.7M, Q1 REVENUE EXCEEDED THE PREVIOUS YEAR'S FIGURE BY 6.2%.
    * Q1 EBIT WAS STILL SLIGHTLY IN NEGATIVE TERRITORY DUE TO THE LOW REVENUE LEVEL, COMING TO
–€2.8M
    * AT €230.7M, Q1 REVENUE EXCEEDED THE PREVIOUS YEAR'S FIGURE BY 6.2%.
    * CONFIDENT TO ACHIEVE ORGANIC GROWTH OF AROUND 4% IN REVENUE AND AN EBIT MARGIN OF AROUND
6% IN
2019 IN THE GROUP
    * TARGETING TO INCREASE GROUP REVENUE TO AROUND €1.5BN WITH EBIT MARGIN OF BETWEEN 7 % AND
10%
UNTIL 2023

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

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