Koenig & Bauer News Feed http://www.koenig-bauer.com/ en Koenig & Bauer AG Tue, 25 Jun 2019 14:23:22 +0200 Tue, 25 Jun 2019 14:23:22 +0200 news-1326 Thu, 21 Mar 2019 07:19:00 +0100 Koenig & Bauer is targeting group revenue of around €1.5bn with EBIT margin of between 7% and 10% until 2023 https://uk.koenig-bauer.com/news/details/article/koenig-bauer-strebt-rund-15-mrd-EUR-konzernumsatz-mit-7-10-ebit-marge-bis-2023-an/
  • Highest EBIT in the company’s 201-year history
  • 7.1% EBIT margin substantially surpassing the mean for the German engineering sector
  • Revenue in 2018 limited by parts availability
  • Good order situation
  • Strong cash flows from operating activities
  • Equity ratio of 38.5%
  • 2.7% dividend yield with higher proposed dividend of €1 per share
  • Guidance for 2019: organic revenue growth of up to 4% and EBIT margin of around 6%
  • With the progress achieved in the structurally growing and less cyclical packaging printing, the Koenig & Bauer group made further advances in its strategically aligning towards sustainable profitable growth. CEO Claus Bolza-Schünemann: “Driven by a record order intake, we have been able to widen our share of the global flexible packaging printing market to 9%. Revenue in marking and coding has risen by around 50% in the last three years. Since the acquisition of flatbed die-cutter business in 2016, revenue in this business field has climbed by more than 50%. The entry into the market for folder gluers and the planned joint venture with inkjet pioneer Durst for folding carton and corrugated printing are further milestones.” CFO Mathias Dähn: “Pleasing revenue and earnings potential can arise with our RotaJET digital printing platform for decor and flexible packaging printing following a greater substitution of the hitherto standard analogue printing processes and an increase in the internally-sourced production of decoration papers in the furniture and flooring industry. After a comprehensive evaluation process, the renowned packaging group Tetra Pak has opted for our large-format RotaJET for full-colour digital printing of beverage carton packaging. We have received two more RotaJET orders for digital decor printing.”

    Der Service-Umsatzanteil konnte 2018 im Konzern auf 25,9 % gesteigert werden (1)

    Earnings target for 2018 well achieved

    Group EBIT climbed from €81.4m in the previous year to €87.4m despite some adverse circumstances in the availability of parts and market conditions. With the increase in its EBIT margin from 6.7% to 7.1%, Koenig & Bauer achieved the target defined for 2018 of around 7%. CFO Mathias Dähn: “On the basis of an EBIT margin adjusted for special items of 5.4% in 2016, we are aiming for an annual improvement of 0.7% in this margin to around 9% by 2021 assuming linear execution of the group projects for boosting earnings by €70m. This translates into a target of 6.8% for 2018, which we exceeded substantially with a margin of 7.1%.”

    High order backlog

    The previously announced shifts of machine deliveries into 2019 as a result of bottlenecks in the parts availability burdened the achievement of our revenue target. At €1,226m, group revenue was only slightly up on the previous year of €1,217.6m. Koenig & Bauer had been targeting organic revenue growth of around 4% for 2018. With order intake coming to €1,222m (previous year: €1,266.3m), order backlog rose to €610.9m (previous year: €606.2m).

    Dividend of €1 per share proposed

    High tax expenses resulting from the consumption of deferred tax assets on loss carry-forwards left traces on net profit. At €64m, group net profit (previous year: €81.1m) translates into earnings per share of €3.86 in 2018 (2017: €4.91). “Thanks to the good group net profit and the retained profit generated by the holding company Koenig & Bauer AG, we are able to continue our dividend policy with a distribution rate at the upper end of the target corridor of between 15% and 35% of group net profit,” said CEO Claus Bolza-Schünemann. Accordingly, the Management Board and the Supervisory Board will be asking the shareholders to approve a dividend of €1 per share at the annual general meeting on 22 May 2019. This is equivalent to a dividend ratio of 25.9% of group net profit and a dividend yield of 2.7% on the basis of the closing price of the share in 2018.

    Im größten Geschäftsfeld Faltschachteldruck konnte Koenig & Bauer die Weltmarkt- und Technologieführerschaft stärken (2)

    Sheetfed limited by parts availability

    At €613m, order intake in the Sheetfed segment was below the previous year’s figure of €656.2m. While the project situation is good, bottlenecks in the availability of parts dampened new business due to longer delivery times. The situation with regard to parts also caused revenue to drop to €647.4m, down on the previous year’s figure of €660.2m. This is also reflected in EBIT, which fell to €36.5m, compared with €37.5m in the previous year. With an EBIT margin of 5.6%, Koenig & Bauer was able to maintain the level achieved (2017: 5.7%) despite the continued price pressure being exerted by competitors. The lower order backlog of €199.1m compared with the previous year (€233.5m) was followed by good order intake at the start of 2019.

    Growth expenses burden Digital & Web earnings

    Orders in the Digital & Web segment rose from €139.6m to €167.6m, primarily due to the record order intake for flexible packaging printing, which reflects the initial success of the realignment of this business field. Whereas the demand for the HP press for digital pre-prints of corrugated liners was subdued, several presses were sold from the RotaJET digital printing platform for decor and flexible packaging printing, substantially exceeding the previous year’s figure. At €150.7m, revenue was slightly down on the previous year (€154.2m). Together with market-entry and growth-related expenses for digital, flexible packaging and corrugated board printing, the lower revenue exerted pressure on EBIT. Accordingly, EBIT fell to –€10.5m, compared with –€4.3m in the previous year. The order backlog widened from €61.5m to €78.4m at the end of 2018.

    Revenue up in Special

    Given large orders and with project business remaining generally favourable, volatility remained high in security printing due to often lengthy order placement and the domination of large-scale projects. Further market share was gained in marking and coding, while the market position in the tobacco and tyre industry in particular was expanded significantly. Lower orders for metal and glass/hollow container decorating presses caused order intake in the Special segment to drop to €502.4m, down from €533.7m in the previous year. Revenue climbed from €467.9m to €490.5m thanks to growth in security printing, marking and coding and glass/hollow container decorating. EBIT came to €49.7m in 2018, down from €53.7m in the previous year. With the order backlog increasing to €344.6m (2017: €324m) at the end of December, good capacity utilisation is assured over the next few months.

    Mit guten Aufträgen im Sicherheitsdruck hat Koenig & Bauer die Marktführerschaft mit über 90 % Weltmarktanteil gehalten (3)

    Strong financial power and balance sheet

    Cash flows from operating activities was particularly strong, coming to €66.3m, up from €23.8m in the previous year. The substantial improvement in free cash flow to–€19.5m compared with the previous year (–€59.6m) was burdened by high investments and the final payment instalment for the external funding of a part of the pension provisions. Together with the solid internal liquidity, the syndicated long-term credit facilities give Koenig & Bauer a strong and stable financial basis. The strong balance sheet structure was additionally enhanced with the increase in the equity ratio to 38.5%.

    Guidance for 2019

    CFO Mathias Dähn: “The order backlog, which rose to €610.9m at the end of 2018, together with the good order development in January and February 2019 gives us good forward visibility across the entire group until the summer of 2019 and, in security printing with its good order situation, until 2020. The printing production output of our customers all around the world is growing, especially in packaging and banknote printing. With the exception of the packaging printers in China producing for export markets, our order intake has so far largely shrugged off the effects of the recent political and economic developments. In the absence of any material deterioration in the underlying conditions over the next few months, we target organic growth of up to 4% in group revenue and an EBIT margin of around 6% in 2019. This includes the annual 0.7% improvement in margins on group projects to boost earnings as well as the margin impact from the growth offensive 2023, the cumulative costs of which we expect to reach around €50m for 2019 to 2021 with a heavier load in the first year. In the event of a slowdown in the economy, we cannot rule out an up to 2 percentage points lower EBIT.”

    Medium-term targets until 2023

    CEO Claus Bolza-Schünemann: “With our growth offensive 2023, we want to actively exploit the currently available market opportunities in the cardboard, corrugated board, flexible packaging, 2-piece can, marking and coding, glass direct and decor printing as well as in postpress to achieve sustained profitable growth. The impact of volatile security printing will be reduced by higher packaging share of group revenue. For web offset presses for newspaper and commercial printing, we expect a further business decline. With all our initiatives and projects, we are targeting to increase group revenue to around €1.5bn with an EBIT margin of between 7 % and 10% until 2023. All three segments are to contribute to the growth in revenue and earnings. Our further targets include a dividend ratio of 15 - 35% of group net profit, an equity ratio of over 45%, a target corridor for net working capital of 20 - 25% of revenue, and a share of 30% in total revenue for service business.”

    Figures at a glance 

    The financial statements can be downloaded as a PDF file from here.

    news-1279 Thu, 10 Jan 2019 15:28:18 +0100 Castle Colour Packaging Ltd. round off an extensive investment programme with a Rapida 106 https://uk.koenig-bauer.com/news/details/article/castle-colour-packaging-ltd-round-off-an-extensive-investment-programme-with-a-rapida-106/ As part of a significant investment strategy to improve efficiency and broaden their offering to customers across the whole business, Norwich based Castle Colour Packaging have invested in a Rapida 106 7 Colour with coater.

    The press purchase is the latest stage in a programme of investment which has encompassed pre-press workflow, additional finishing capabilities as well as additional manufacturing and warehousing facilities.

    Castle Colour Packaging, which was established in 1991 before being bought out by the current owners in 2002 produces a range of products including cartons, sleeves, blister cards and shelf ready packaging. The customer-focused business whose moto is "To be the best at what we do" offers the full range of services from Cad-Cam, product sampling, pre-press, print, die cutting with blanking and gluing as well as packaging, storage and delivery.

    The technical team from Castle investigated the leading suppliers of printing presses before deciding that the Rapida 106 met their expectations for highly efficient performance and the highest print and colour quality.

    Castle Colour Packaging Operations and Technical Director Paul Densley (right) and Koenig & Bauer Area Sales Manager Len Taylor (left).
    Castle Colour Operations and Technical Director Paul Densley states: "We selected Koenig and Bauer as our partner because we wanted a robust packaging press from a supplier who had designed the machine with the user in mind. The service back up looks very impressive and the extensive training and performance programme offered will allow us to make full use of the quality and performance capabilities of this machine. We share the same vision of increased automation in the packaging work flow and coupled with our other investments the whole package offered by Castle Colour is very exciting for our customers."

    The Rapida 106 7+L - The press of choice for high quality packaging printers

    Broadest Substrate Range

    The new press, set to be installed in April 2019, is an 18,000 sheet per hour 7 colour plus coater with the ability to print with both conventional and UV inks and coatings. Typically for a packaging press, it is equipped with a CX package which allows printing of substrates up to 1.2 mm thick. Additionally, the press is also equipped with a plastics printing package and a 450mm raise. As is standard with the Rapida 106, the press is supplied with Koenig and Bauer’s unique sensoric infeed system and servo driven motors for the feeder drives and suction belts. This feature enables mark-free, reliable, high speed feeding on all stocks.

    Autonomous production

    ErgoTronic Autorun technology also allows several jobs to be queued on the press. Minimum operator involvement is required as jobs are autonomously produced to the desired colour quality and run length. The fully automatic plate changing and semi automatic coating form changing also allow plates to be changed in under two minutes.

    Quality Controlled

    To ensure that the press produces print with flawless quality, it has been specified with Koenig & Bauer‘s inline colour control system QualiTronic ColorControl which allows extremely tight colour control throughout the print run with Delta E values based upon individual key values rather than an averages across the sheet. However, additionally included in the package is QualiTronic PrintCheck which enables image inspection to an 'O.K.' sheet on every sheet during a production run.

    To complete the set of quality control and automation tools, auto camera registration and image zoom has been selected. To ensure compliance with the ISO 12647-2 colour standard, reporting via Quality Pass will allow scoring of the print quality against the parameters indicated in the I.S.O. 12647-2 document.

    Efficient reporting

    As monitoring and improving production efficiency is essential to Castle Colour Packaging’s management team and to ensure press performance stays at its peak, LogoTronic Professional and Cockpit have been selected. These tools allow detailed analysis of the output and quality produced by the press as well as indicating where improvements could be made. 

    Chris Scully, Koenig and Bauer (UK) Ltd. Sales Director
    Koenig & Bauer (UK) Ltd’s Sales Director, Chris Scully commented: "We are thrilled that Castle Colour Packaging have chosen us to be their press supplier as part of this exciting investment programme. The Rapida press is established as an extremely efficient printing press capable of producing both long and short runs for the high quality packaging sector." He continues "There many reasons why the Rapida 106 has become the press of choice for the U.K. packaging market. However, in particular, our colour control systems meet all of the requirements of packaging printers who work with many special materials, colours and coatings. When you combine this with our inline inspection systems, automation and reporting you have an unrivalled production solution. We look forward to playing our part in the growth of Castle Colour Packaging.


    news-1275 Wed, 09 Jan 2019 09:39:02 +0100 DG3/Leycol kick off the new year with a Rapida 106 investment https://uk.koenig-bauer.com/news/details/article/dg3leycol-kick-off-the-new-year-with-a-rapida-106-investment/ DG3/Leycol have become the latest on a list of ultra high quality printers from the U.K. to invest in Rapida 106 technology. The investment comes after the successful merger of DG3 UK  and Leycol‘s litho operations in 2017.

    The new business, which specialises in high quality litho print to luxury brands and galleries as well as digital print, mailing and print finishing, has made the switch from Heidelberg presses to Koenig and Bauer’s Rapida 106 in order to increase its focus on the high performance and high quality markets.

    DG3/Leycol Managing Director Barry Page
    Managing Director Barry Page states:  ”The need to produce high quality work was an important part of the decision. We spoke to printers like Taylor Bloxham and Park Communications who are already using the Rapida. We also visited Koenig and Bauer in Germany. In addition, we visited a number of companies also running a mixed pressroom pretty successfully. Importantly, we have secured the right support package from Koenig & Bauer, this ticked all the the boxes for us."

    He continues: "Key for us was make readies and reduction of waste. This will enable us to much more efficient which is really important in the current climate. We need to be as efficient as possible and to maximise what we can from the press.

    DG3/Leycol Director Gary Wilson
    Director Gary Wilson adds: "We are thrilled to have teamed up with Koenig & Bauer. Our clients demand the best quality which we have always been able to provide. We cannot wait to push our business forward with this new investment.

    The Rapida 106, ultra high quality and performance
    The new press, is an 18,000 sheet per hour 5 colour plus coater, and will be installed at the Gillingham site in May 2019.  As standard, it is equipped with Koenig and Bauer’s unique sensoric infeed system and servo driven motors for the feeder drives and suction belts. These features increase running speeds and ensure faster turnaround times.

    ErgoTronic Autorun technology also allows several jobs to be queued on the press. Minimum operator involvement is required as jobs are autonomously produced to the desired colour quality and run length. The fully automatic plate changing and semi automatic coating form changing also allow plates to be changed in under two minutes.

    In addition, specified with the new press is Koenig & Bauer‘s inline colour control system QualiTronic ColorControl alongside the tools to ensure compliance with the ISO 12647-2 colour standard via Quality Pass. To ensure press performance stays at its peak, LogoTronic Professional and Cockpit have been selected. These tools allow detailed analysis of the output and quality produced by the press. 

    Chris Scully, Koenig and Bauer (UK) Ltd. Sales Director
    Koenig & Bauer (UK) Ltd’s Sales Director, Chris Scully commented: ‘We are delighted that DG3/Leycol have chosen Koenig & Bauer as their new partner for the next stage in the transformation of their business. They are yet another company who have joined a prestigious list of high quality industrial U.K. printers who have made the switch to Rapida 106 technology. He adds "DG3/Leycol produce work for some of the most demanding clients in the U.K. The Rapida 106, with its unrivalled colour control and reporting systems will enable them to meet and exceed their clients demands whilst yielding maximum productivity for the most challenging of work type."


    news-1257 Mon, 10 Dec 2018 12:55:36 +0100 Koenig & Bauer UK Ltd recommend Finito® Underpackings to improve press performance https://uk.koenig-bauer.com/news/details/article/koenig-bauer-uk-ltd-recommend-finitoR-underpackings-to-improve-press-performance/

    Finito underpackings are able to print for up to 8 million impressions
    Koenig & Bauer (UK) Ltd. Print Performance Specialists recommend Finito® blanket underpackings to help printers improve press performance and maintain print quality.

    Presses fitted with traditional manilla packings can suffer deterioration of print quality and lead to increased downtime during normal operation. However, by equipping a press with Finito® underpackings,  packing lifespans can easily reach 8 millions impressions or 6 months, whichever is soonest.

    Jonathan Hewitt Koenig & Bauer (UK) Print Performance Specialist
    Koenig & Bauer Print Performance Specialist Jonathan Hewitt states: "Finito® underpackings have proven track record for performance due to their unique construction which offers durability and longevity on press. In all cases where we have fitted this product our customers report significant decreases in blanket changes, less down time and a reduction in consumable expenditure."

    The benefits of using Finito® underpackings are as follows:

    • The packings are compressible providing greater resistance to minor smashes.
    • The thickness of the single sheet of packing is uniform in comparison to multiple layers of manilla packings.
    • The packings are resistant to the effects of swelling from oils and solvents.
    • 8 Million Impressions or 6 months lifespan.
    • Unplanned downtime is reduced.
    • Consumable costs are reduced.
    • Quality will be maintained over a longer period.  

    For more details contact Koenig & Bauer (UK) service department for a quotation on +44 (0)1923819922 select “Option 3“ or e-mail UK-Consumables(at)koenig-bauer.com



    news-1253 Thu, 29 Nov 2018 13:21:29 +0100 The Taylor Bloxham Group announced as 1814 Production Excellence Award winners https://uk.koenig-bauer.com/news/details/article/the-taylor-bloxham-group-announced-as-1814-production-excellence-award-winners/
    Taylor Bloxham CEO Robert Lockwood addresses the assembled journalists
    New Rapida 106 users The Taylor Bloxham Group have been awarded the 1814 Production Excellence Award during the Koenig and Bauer (U.K.) annual press briefing at London’s Savoy Hotel.

    3 high quality catalogue jobs were submitted and in all cases the performance superseded the last production runs on their Heidelberg equipment. The jobs were typical of the type of work The Taylor Bloxham Group have become renowned for with high quality imagery and finishing throughout. One brochure particularly stood out for featuring complex tab indexing.

    The data on the jobs, taken from their LogoTronic Professional system showed job one, a Flooring Catalogue with multiple colours, was produced 16% faster than the previous year and two 4 colour process catalogues for high-end auction houses were produced 25% and 44% quicker than the last versions with average make ready times of 4 minutes.

    The other impressive fact about two of the jobs produced is that they were printed to the strict specifications of the Professional Level of the BPIF Colour Quality Management Certification Scheme, verification that ultra fast production and the highest of quality can be easily achieved on the Rapida range of presses.

    Taylor Bloxham Technical Colour Specialist Chris Bolton describes the process of becoming the first company to achieve the BPIF ISO 12647-2 accreditation (Professional Level).
    Taylor Bloxham became the first UK company to achieve the Professional Level of the scheme earlier this year. During his presentation for the trade press, Chris Bolton, Taylor Bloxham‘s Technical Colour Specialist described the process of hitting the required parameters for the standard as "Easy" and "a pleasure" due to the precise control of the press using ErgoTronic Colour Control and QualiTronic Colour Control.

    Taylor Bloxham Group C.E.O. Robert Lockwood reports on the successful restructuring of the business.
    In accepting the award, Taylor Bloxham group CEO Robert Lockwood described how the 80 year old business has undergone significant changes with in the last 18 months and posted it’s highest ever turnover at the end of 2017. The business now encompasses four divisions (Taylor Bloxham, Fastant, Instore and Mailbox) with their own dedicated teams to promote each component of their business.

    Mr Lockwood stated: "The Rapida 106 was the latest step in a £4 million programme of investment in new equipment that enabled us to print higher volumes faster whilst simultaneously improving quality. The installation only took place in April and our clients, who include several prestigious brands, are already seeing and feeling the benefits of the new press."

    Chris Scully, Koenig and Bauer (UK) Ltd. Sales Director
    Koenig and Bauer (UK) Sales Director Chris Scully stated “We are delighted to select Taylor Bloxham for our annual 1814 Production Excellence Award. The levels of performance across the three jobs selected were exceptional. Their name is synonymous with the highest of quality in print. However, this award also demonstrates that from job to job, regardless of the quality level required, our presses will deliver performance increases. He adds "We applaud the whole team at Taylor Bloxham for driving the press to the fantastic levels of performance they achieved and look forward to learning about further successes for their business."

    news-1123 Fri, 07 Sep 2018 11:41:29 +0200 Koenig & Bauer (UK) Ltd looks to the future with apprentice engineer hire https://uk.koenig-bauer.com/news/details/article/koenig-bauer-uk-ltd-looks-to-the-future-with-apprentice-engineer-hire/
    Aidan Knight Koenig & Bauer (UK) Ltd. Apprentice Engineer
    Koenig and Bauer (UK) Ltd. has taken a step forward in planning for the future by appointing Aidan Knight as an apprentice electromechanical engineer.

    Aidan joined the business in August and will initially attend training at the EEF Technology Centre in Birmingham for 12 months before combining his second year working in the field on service calls and at the Technical Centre studying for Mechantronics Multiskilled Maintenance NVQ. He will also spend considerable time training at Koenig & Bauer Sheetfed manufacturing facility in Radebeul, Germany.

    Peter Banks - KBA (UK) Service Director
    Koenig and Bauer Service Director Peter Banks states: “We are delighted to welcome Aidan to our team. The engineering sector, like other industries, needs to invest in the next generation to address what could be a significant skills shortage in years to come.” He continues: “With Aidan’s appointment and the skills he will gain we have taken another step forward in building for the future.” 

    news-1095 Wed, 01 Aug 2018 06:58:00 +0200 Strong order intake of €454.4m in the second quarter https://uk.koenig-bauer.com/news/details/article/starker-auftragseingang-von-4544-mio-EUR-im-zweiten-quartal/
  • 17.2% rise in orders in H1
  • Large orders in security printing and order gains in packaging printing
  • Greater accumulation of deliveries in H2 than in the previous year
  • EBIT below prior year due to delivery-related lower revenue
  • With a book-to-bill ratio of 1.37 order backlog grows to an extraordinarily high €805.8m
  • Good cash flows from operating activities of €17.4m
  • Equity ratio of 35.6%    
  • With order intake reaching a particularly high €454.4m in the second quarter and the order backlog rising to €805.8m at the end of the first half, the Koenig & Bauer Group is on track to meet its targets for 2018. Strong security business and more orders in packaging printing caused order intake to rise by 17.2% to €705.3m in the first half of 2018 (2017: €601.9m). Driven by the good Q2 figure of €297.1m, group revenue came to €514.4m but fell short of the previous year’s figure of €538.9m due to the even greater accumulation of delivery dates in the second half of the year. This was also reflected in EBIT, which at €10.6m was lower than in 2017 (€16.3m).

    Weltneuheit: Flachbettstanze Ipress 106 K PRO mit bewährtem Anleger der Rapida-Maschinen für den wachsenden Faltschachtelmarkt (1)

    Sheetfed expands market leadership in large-format

    The Sheetfed segment reached a strong order intake of €326.3m, exactly matching the previous year’s figure, which had been influenced by the Print China fair. President and CEO Claus Bolza-Schünemann: “Substantial growth was achieved in large-format cardboard printing. As the world market leader in folding carton printing, we are benefiting from heightened capital spending of the international packaging printers.” EBIT of €7.7m was below the previous year’s figure (€12.1m) due to the delivery-related decline in revenue from €307.8m in 2017 to €283m.

    Despite the encouraging growth in new business in flexible packaging, orders in Digital & Web (€84.7m) were slightly down on the previous year (€85.7m) due to fewer orders for newspaper web presses and services. In addition to the market-entry costs for corrugated and flexible packaging in particular, EBIT was significantly burdened by the decline in revenue from €68.3m to €55.8m. CFO Mathias Dähn: “This was materially due to the decline in revenue from digital printing presses as a result of subdued demand. However, we see significantly greater short and medium-term potential in the large corrugated and foil printing markets, which are expanding at above-average rates. The targeted expenses required for future growth will leave traces on our cost position, exerting pressure on segment earnings.”

    Driven by large orders in security printing and growth in marking and coding, order intake in the Special segment rose by 52.8% to €330.6m (2017: €216.3m). With revenue rising slightly from €189.2m to €195m, EBIT came to €14.4m, thus matching the previous year’s figure (€14.6m). President and CEO Claus Bolza-Schünemann: “With the major order received from Giesecke+Devrient for the delivery of several press lines for the production of ultra-secure banknotes in Egypt, we have a high degree of capacity utilisation in security printing until well into 2019.”

    Strong financial and balance sheet profile

    Cash flows from operating activities rose substantially over the previous year (€–20m) to €17.4m. The free cash flow was burdened by the final payment instalment of €34.8m made in Q1 for the external funding of a part of the pension provisions. In addition to net liquidity of €48.1m and securities of €14.6m that can be liquidated at any time, the group also has access to syndicated credit facilities. The equity ratio stood at 35.6% at the end of the first half of 2018.

    Nach anstehender Kundenabnahme Auslieferung der digitalen CorruJET-Bogenmaschine an bekannten Wellpappendrucker (2)

    Group targets for 2018

    In 2018, the management board expects to achieve organic growth of around 4% in group revenue and an EBIT margin of around 7%. With many projects still in the pipeline in all business fields, the forecast is based on the high order backlog of €805.8m as of the end of the first half year together with further progress being made in the group-wide service initiative and the cost-cutting projects in security printing, purchasing and production. These projects should cause earnings to rise by €70m over 2016 by 2021.

    CFO Mathias Dähn: “The achievement of the targets 2018 requires the execution of orders on time in the second half of the year and particularly in Q4 with the accumulation of press installations. Given the high capacity utilisation and external and internal delivery bottlenecks in parts, this is a challenging task to which we pay particular attention. However, we consider it to be particularly important to utilise the opportunities for growth being offered by the market in new press business in order to widen the installed base as the foundation for further growth in service business.”

    Medium-term goals until 2021

    Depending on global economy, end markets and the necessary investments in growth, management is targeting a group-wide organic revenue growth rate of around 4% p.a. and an EBIT margin of between 4% and 9% by 2021. Product innovations in corrugated printing and 2-piece can decorating are not included in the medium-term targets, neither revenue nor costs. President and CEO Claus Bolza-Schünemann: “In addition to our printing, finishing, coding and postpress solutions for cardboard, banknotes, cans, glass and hollow containers and other products, we are particularly focusing on corrugated board and flexible packaging. With the focus on the growing packaging printing, we want to boost our revenue and profitability as well as the stability of our business on a sustained basis.”      

    Figures at a glance 

    The financial statements can be downloaded as a PDF file from here


    news-1087 Wed, 25 Jul 2018 08:27:00 +0200 Koenig & Bauer UK appoints Graham Linton as Service Manager https://uk.koenig-bauer.com/news/details/article/koenig-bauer-uk-appoints-graham-linton-as-service-manager/
    Graham Linton KBA UK Ltd. Service Manager
    KBA UK has promoted Graham Linton to the position of UK Service Manager. Mr Linton takes over the position vacated by Peter Banks who has moved up into the service directors role.

    Graham has been with KBA UK since 2012 working as a Service Project Manager and Service Sales Manager. He has a broad range of engineering and print experience having spent seven years at Man Roland as Service Sales Manager and prior to that working in the aerospace industry.

    Peter Banks - KBA (UK) Service Director
    KBA UK Service Director Peter Banks states: We are delighted that Graham has taken the position of Service Manager. He has vast experience of the printing industry and our customers in particular, his knowledge and professionalism will be a huge benefit as we continue to grow our service team.



    news-1069 Tue, 03 Jul 2018 13:37:57 +0200 KBA UK Ltd appoints Ian Clarke as Print Performance Specialist https://uk.koenig-bauer.com/news/details/article/kba-uk-ltd-appoints-ian-clarke-as-print-performance-specialist/  

    Ian Clarke - KBA (UK) Ltd. Print Performance Specialist for the South of England

    KBA (UK) Ltd. has appointed former HDP and Boettcher consumable salesman Ian Clarke as Print Performance Specialist for the South of England

    Mr Clarke, who has worked in the printing industry for over 30 years started his career at Jarrolds in Norwich before taking the step into consumables sales with both HDP and Boettcher. After 5 successful years at Boettcher he joined WRH Marketing an OEM equipment supplier for newspaper mail rooms. Mr Clarke spent the next 5 years as a self-employed technical sales consultant supplying various products such as MIS, gluing and press control systems. He joined book printing press manufacturer Timson in 2012 leaving to join Muller Martini as Technical Sales Manager when the company went into administration in 2015.

    Commenting on his new position Mr Clarke stated “I am really looking forward to returning to the technical side of print, press performance and consumables. I have a great deal of experience in this area from my time with both HDP and Boettcher.” He continues “KBA UK has been really successful in the last few years with a growing install base. This is a very exciting time to be joining the company and presents us with lots of opportunities to grow even further.”

    Andrew Pang - KBA (UK) Ltd. Managing Director

    KBA UK Managing Director Andrew Pang states: “We are very pleased that Ian has decided to join our team. He has a great deal of experience across all aspects of the print trade. This will be very valuable in helping our customers to improve their press performance even further.”

    news-1064 Wed, 27 Jun 2018 17:19:59 +0200 KBA (UK) Ltd appoints Peter Banks as UK Service Director https://uk.koenig-bauer.com/news/details/article/kba-uk-ltd-appoints-peter-banks-as-uk-service-director/
    Peter Banks - KBA (UK) Service Director

    KBA (UK) Ltd. has promoted former Service Manager Peter Banks to the position of KBA UK Ltd. Service Director.

    Mr Banks, who has been in post as Service Manager since January 2017 has 29 years’ experience in the graphic arts industry having great experience of web press, print finishing and mail room equipment. He has also undertaken project management of major contracts in some of the largest companies in the UK and abroad.

    Commenting on the new position Mr Banks stated “I am looking forward to taking on the challenges that the position of Service Director will bring. The last year or so has given me a really good insight into the KBA (UK) business and hopefully our customers can see that we have been putting together a team and service structure that is based upon continuous improvement.”

    He continues “The presses Koenig and Bauer construct are renowned around the world for their high quality engineering and reliability. For our future successes, in both sales and service, it is vital that our clients always receive the highest levels of customer care. We will continue to put people and procedures in place in order to build on the successes of recent years.”

    Andrew Pang - KBA (UK) Ltd. Managing Director
    KBA UK Managing Director Andrew Pang states: ‘We are delighted that Peter has accepted the position of Service Director of KBA (UK) Ltd. Over the last 18 months he has been instrumental in developing new working practices and procedures that have enabled us to offer ever increasing levels of service and support to all our customers. His professionalism and vast experience will help us to develop our service offering to the UK and Ireland even further.