Brief: Koenig & Bauer Says Partial Reversal Of Restructuring Provisions For P24x Resulting In Extraordinary Income Of Around EUR 20M

Koenig & Bauer AG

23/06/2021 19:31

June 23 (Reuters) - Koenig & Bauer AG  SKBG.DE :
    * PARTIAL REVERSAL OF RESTRUCTURING PROVISIONS FOR P24X
RESULTING
IN EXTRAORDINARY INCOME OF AROUND EUR 20M
    * DECIDED NOT TO IMPLEMENT ANY COMPULSORY REDUNDANCIES AT
COMPANY'S GERMAN FACILITIES IN 2021 AND 2022
    * KOENIG & BAUER-BEEN POSSIBLE TO REDUCE ORIGINALLY PLANNED
SHORT-
AND MEDIUM-TERM ONE-OFF COSTS FOR PERSONNEL MEASURES BY ABOUT
EUR 20M TO SOME EUR 37M
    * KOENIG & BAUER- CONFIRMS OPERATING FORECAST, CONTINUES TO
PROJECT A SLIGHT ORGANIC RISE IN REVENUE OF AROUND 4% TO EUR
1,070M
    * EXPECTS TO BREAK EVEN AT OPERATING EBIT LEVEL IN 2021

Source text for Eikon:  ID:nPexKT5F4a 
Further company coverage:  SKBG.DE 

 ((Reuters.Briefs@thomsonreuters.com;))