Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Koenig & Bauer 2011 Pre-tax Profit Plunges - Quick Facts

Koenig & Bauer AG (KOEBF.PK) reported 2011 group pre-tax profit of 3.3 million euros, lower than 15.3 million euros last year.

Annual net income was 0.4 million euros, down from 12.5 million euros in the prior year. Earnings per share declined to 2 cents from 76 cents a year ago.

Group sales were 1.17 billion euros, marginally below the prior year's 1.18 billion euros, due to shipping delays and weak demand for sheetfed and web offset presses in the second half-year.

Group order intake reached 1.55 billion euros, the company's highest level since the record year of 2006 and up 20.8% from the previous year. The company attributed the higher order intake to brisk demand for security, metal-decorating and coding equipment.

Looking ahead, KBA management emphasised the higher risks that exporters face from slowing growth in major emerging markets, the high oil price and ongoing debt crisis in Europe. If market conditions remain stable, Koenig & Bauer is targeting a single-digit percentage increase in sales and a higher pre-tax profit.

In view of this unsatisfactory performance, and the current challenging business environment, the management and supervisory boards plan to dispense with a dividend for 2011.

Register
To receive FREE breaking news email alerts for Koenig & Bauer AG and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Hundreds of protesters stormed Burkina Faso's parliament on Thursday and set fire to the building, preventing the lawmakers from considering a bill to extend the president's 27-year rule. Security forces opened fire on protesters, as they looted computers and televisions in the National Assembly, news agencies reported. The angry crowd then marched towards the President's office, before they were U.S. economic activity increased by more than expected in the third quarter of 2014, according to a report released by the Commerce Department on Thursday. The Commerce Department said GDP increased by 3.5 percent in the third quarter compared to 3.0 percent growth expected by economists. Germany's EU measure of inflation unexpectedly slowed in October after holding steady in the previous two months, preliminary estimates from Destatis showed Thursday. The harmonized index of consumer prices rose 0.7 percent annually following 0.8 percent increase in each of the previous three months....
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.