• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Exclusives
    • Top Companies
    • Printing Inks
    • Raw Materials
    • Equipment
    • Directories
    • Events
    • Jobs
    • More
  • Magazine
  • News
  • Exclusives
  • Top Companies
  • Printing Inks
  • Raw Materials
  • Equipment
  • Directories
  • Events
  • Jobs
  • Current / Back Issues
    Features
    Columns
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    eBook
    Top Features
    The 2020 Year in Review

    2020 UV/EB Report

    Sustainability and the Raw Material Market

    COVID-19 Takes a Toll on the Publication Ink Market

    Circular Economy is Focus of NAPIM Ink Week’s Technical Conference
    Breaking News
    Distributor News
    Financial News
    Industry News
    Ink Manufacturers News
    Market Research
    Mergers and Acquisitions
    New Products
    Personnel
    Price Increases
    Printers News
    Suppliers News
    Live From Shows
    Top News
    Packaging Printing Market Worth $433.4 Billion by 2025: MarketsandMarkets

    Alon Bar-Shany Appointed Chairman of Highcon Board

    EFI Debuts VUTEk Q3r, Q5r UV LED Printers at Engage Event

    ITMA 2023 to Highlight Industry Transformation

    Palmer Holland Expands Roles, Positions Of Business Teams
    Top North American Companies
    Top International Companies
    Conductive Inks and Printed Electronics
    Graphic Arts Coatings
    Inkjet Inks and Toners
    Marking and Pad Printing Inks
    News Inks
    Packaging Flexo Inks
    Packaging Gravure Inks
    Publication Gravure Inks
    Publication Offset Inks
    Screen Inks
    Sheetfed Inks
    Specialty Inks
    UV and EB Inks

    Packaging Printing Market Worth $433.4 Billion by 2025: MarketsandMarkets

    EFI Debuts VUTEk Q3r, Q5r UV LED Printers at Engage Event

    ITMA 2023 to Highlight Industry Transformation

    Flint Group Packaging Inks’ New Production Site On Track For Completion

    Linx Expanding Distribution in EMEA, APAC
    Additives
    Energy-Curable Materials
    Flushed Colors and Pigments
    Metallics and Special Effects Pigments
    Resins
    Vehicles and Varnishes
    Waxes

    OQ Chemicals Announces Sales Control for US Oxo Intermediates

    DuPont, Corteva, Chemours Announce Resolution of Legacy PFAS Claims

    Ingevity Donates £10,000 for Education, Human Health Initiatives

    BASF Starts Realignment of Global Business Services Unit

    Lautenberg Chemical Safety Act is Impacting the Ink Industry
    Energy-Curing Equipment
    Mills and Mixers
    Testing, Color and QC

    Bühler Expands Service Center Locations Through Design Corrugating Acquisition

    Techkon USA, Konica Minolta Partner

    Ross Highlights Vacuum-Rated Double Cone Tumble Blenders

    Datacolor Introduces High-Efficiency Benchtop Spectrophotometer Series, Spectro 1000/700

    Deadline for RadLaunch UV+EB Technology Accelerator is Jan. 30
    Buyers Guide
    Distributor Guide
    European Ink Directory
    U.S. Ink Directory
    International Buyers Guide Companies
    NovaCentrix

    Brilliant Group, Inc.

    Keim-Additec Surface USA, LLC

    ALVAR Inc. /ALVAR Resins, Inc

    Standard Colors
    Industry Events
    Live from Show Event
    Webinars
    Top Events
    Labelexpo Americas/Brand Print Americas 2021

    Eastern Coatings Show 2021

    Coatings Expo Vietnam 2021

    PRINTING United Expo 2021
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Departments
      • Columns
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directory
      • Buyers Guide
      • Distributor Guide
      • European Ink Directory
      • U.S. Ink Directory
      • Trade Associations
    • Printing Inks
      • Conductive Inks and Printed Electronics
      • Graphic Arts Coatings
      • Inkjet Inks and Toners
      • Marking and Pad Printing Inks
      • News Inks
      • Packaging Flexo Inks
      • Packaging Gravure Inks
      • Publication Gravure Inks
      • Publication Offset Inks
      • Screen Inks
      • Sheetfed Inks
      • Specialty Inks
      • UV and EB Inks
    • Raw Materials
      • Additives
      • Energy-Curable Materials
      • Flushed Colors and Pigments
      • Metallics and Special Effects Pigments
      • Resins
      • Vehicles and Varnishes
      • Waxes
    • Equipment
      • Energy-Curing Equipment
      • Mills and Mixers
      • Testing, Color and QC
    • Top Companies
      • Top North American Companies
      • Top International Companies
    • Online Exclusives
    • Slideshows
    • Expert's Opinion
    • Videos
    • eBook
    • Podcasts
    • Blog
    • Infographics
    • Whitepapers
    • Jobs
    • Supplier Microsites
      • Companies
      • Literature / Brochures
      • Whitepapers
      • Product Spec Sheets
      • Videos
      • Jobs
    • Events
      • Industry Events
      • Live From Show Events
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Koenig & Bauer Publishes Q3 2020 Report

    Adjusted EBIT almost reached break-even during the quarter.

    Koenig & Bauer Publishes Q3 2020 Report
    Related CONTENT
    • Huston Patterson Adds Koenig & Bauer Rapida 164 Eight-Color Press
    • Sonoco Again Named a 'Best for Vets' Company
    • HANS KOLB Wellpappe Adds Koenig & Bauer Durst’s CorruJET 170
    • Ink Industry Mourns Maurice Carruthers
    • Koenig & Bauer Sharpens Sustainability Focus
    Ink World Staff11.18.20
    As in many industries, the COVID-19 pandemic, which is worsening again in most countries over the past few weeks, has left clear traces on the course of business in the Koenig & Bauer group.

    In Q3 2020, order intake was down 13.8% at €232.6 million and revenue was down 32.2% at €198.1 million year-on-year.

    In the first three quarters of 2020, new orders of €712.8 million were below the previous year’s figure of €843 million by 15.4%, although this was better than the general sector figures for printing presses published by industry association VDMA, which dropped by 26.8% in the same period. Cumulative revenue came to €602.6 million in the first nine months of 2020 (2019: €798.2 million).

    On balance, an EBIT of –€61.3 million is reported for Q3. However, EBIT adjusted for one-offs improved substantially from –€34.9 million in Q1 and –€10.2 million in Q2 to –€2.2 million in Q3. Despite the lower effects from short-time working compared with Q2, the adjusted EBIT almost reached the break-even threshold in Q3.

    At €20.8 million and €26.9 million, respectively, cash flows from operating activities and free cash flow were in distinctly positive territory in Q3 2020, improving significantly over the same quarter of the previous year (–€27.7 million and –€39 million, respectively).

    In addition to new developments for security printing, investments in direct corrugated board and digital printing as well as the joint venture with the Durst Group are being advanced as part of the Performance 2024 program.

    The Sheetfed segment achieved a robust order intake of €128.6 million in Q3 (Q3 2019: €132 million). Despite the substantial gains with large-format sheetfed offset presses and folder gluers, order intake in the first three quarters declined by 9.9% over the previous year’s figure of €462.6 million to €416.6 million particularly as a result of lower orders for medium- and half-format presses.

    Driven by sales successes with RotaJET presses and HP machines, the Digital & Web segment achieved encouraging order intake of €34.1 million in Q3 (Q3 2019: €18.1 million). Order intake in the first three quarters came to €90.8 million, down from €108 million in the previous year, due to lower orders in the web offset press business and for flexible packaging printing.

    Order intake in the Special segment of €82.8 million in Q3 and €233.5 million in the first nine months was below the previous year’s figures of €131.4 million and €306.7 million, respectively.

    “In addition to boosting efficiency and scaling the group to the moderate growth expected in the next few years to group revenue of around €1.3 billion after the completion of the four-year program, it aims to strengthen our competitiveness in the long term,” said president and CEO Claus Bolza-Schünemann. “By continuing and accelerating all innovation processes, product and process developments, annual cost savings of over €100m should increasingly be achieved until 2024.”
    Related Searches
    • Inkjet Inks and Toners
    • Specialty Inks
    • UV and EB Inks
    • Packaging Flexo Inks
    Related Knowledge Center
    • Inkjet Inks and Toners
    • Sheetfed Inks
    • Packaging Flexo Inks
    Suggested For You
    Paragon Expands Direct Mail Capabilities with Ricoh Pro VC70000 Paragon Expands Direct Mail Capabilities with Ricoh Pro VC70000
    THIMM Group Installs 1st Koenig & Bauer CorruFLEX THIMM Group Installs 1st Koenig & Bauer CorruFLEX
    Huston Patterson Adds Koenig & Bauer Rapida 164 Eight-Color Press Huston Patterson Adds Koenig & Bauer Rapida 164 Eight-Color Press
    Sonoco Again Named a Sonoco Again Named a 'Best for Vets' Company
    HANS KOLB Wellpappe Adds Koenig & Bauer Durst’s CorruJET 170 HANS KOLB Wellpappe Adds Koenig & Bauer Durst’s CorruJET 170
    Ink Industry Mourns Maurice Carruthers Ink Industry Mourns Maurice Carruthers
    Koenig & Bauer Sharpens Sustainability Focus Koenig & Bauer Sharpens Sustainability Focus
    Rand Graphics Adds Koenig & Bauer Rapida 105 Six-Color Rand Graphics Adds Koenig & Bauer Rapida 105 Six-Color
    Heidelberg: Worldwide Packaging Market Growth Strongest in China Heidelberg: Worldwide Packaging Market Growth Strongest in China
    Koenig & Bauer Streamlining Group Structure Koenig & Bauer Streamlining Group Structure
    BOBST Announces New Organizational Structure BOBST Announces New Organizational Structure
    Koenig & Bauer: Digital Printing for Flexible, Extensible Film Koenig & Bauer: Digital Printing for Flexible, Extensible Film
    Koenig & Bauer Durst Food Safety Inks Achieve ECOLOGO Certification Koenig & Bauer Durst Food Safety Inks Achieve ECOLOGO Certification
    WestRock Recognized for Excellence in Merchandising Displays WestRock Recognized for Excellence in Merchandising Displays
    3M Reports Sales Information for October 2020 3M Reports Sales Information for October 2020

    Related Breaking News

    • Breaking News | Ink Manufacturers News | Inkjet Inks and Toners | Market Research | Packaging Flexo Inks | Packaging Gravure Inks | Printers News | Sheetfed Inks | UV and EB Inks
      Packaging Printing Market Worth $433.4 Billion by 2025: MarketsandMarkets

      Packaging Printing Market Worth $433.4 Billion by 2025: MarketsandMarkets

      Projected to grow from $352.1 billion in 2020 to $433.4 billion by 2025, at a CAGR of 4.2%,
      MarketsandMarkets 01.27.21

    • Breaking News | Ink Manufacturers News | Inkjet Inks and Toners | Printers News
      EFI Debuts VUTEk Q3r, Q5r UV LED Printers at Engage Event

      EFI Debuts VUTEk Q3r, Q5r UV LED Printers at Engage Event

      The world’s first VUTEk Q5r installation site, Yahav Digital Print,
      Anthony Locicero, Associate editor 01.26.21

    • Breaking News | Industry News | Ink Manufacturers News | Inkjet Inks and Toners | Printers News | Screen Inks
      ITMA 2023 to Highlight Industry Transformation

      ITMA 2023 to Highlight Industry Transformation

      Milan will host the 19th edition of the textile and garment showcase.
      Ink World Staff 01.26.21


    • Breaking News | Ink Manufacturers News | Packaging Flexo Inks | Packaging Gravure Inks | Sheetfed Inks
      Flint Group Packaging Inks’ New Production Site On Track For Completion

      Flint Group Packaging Inks’ New Production Site On Track For Completion

      Regional production base for the company’s Russian and CIS Packaging Inks businesses.
      Anthony Locicero, Associate editor 01.26.21

    • Breaking News | Ink Manufacturers News | Inkjet Inks and Toners | Printers News
      Linx Expanding Distribution in EMEA, APAC

      Linx Expanding Distribution in EMEA, APAC

      Range of Continuous Ink Jet printers, Laser Coders, Large Character, Thermal Transfer and Thermal Inkjet printers available through new partners.
      Anthony Locicero, Associate editor 01.26.21

    • Breaking News | Ink Manufacturers News | Inkjet Inks and Toners | Printers News
      EFI Engage Worldwide Conference Features Product Launches, Educational Opportunities

      EFI Engage Worldwide Conference Features Product Launches, Educational Opportunities

      New innovations include super-high-speed and high-volume display graphics printers.
      Anthony Locicero, Associate editor 01.25.21


    • Breaking News | Ink Manufacturers News | Inkjet Inks and Toners | Printers News
      Linx Launches Fast-drying Yellow Bottling Ink

      Linx Launches Fast-drying Yellow Bottling Ink

      Specifically developed for the company’s Linx 8900 and 8800 Series continuous inkjet (CIJ) coders and is a pigmented ink.
      Ink World staff 01.25.21

    • Breaking News | Printers News | Specialty Inks
      O-I Foundation Gifts $50k to Facilitate COVID-19 Vaccine Access

      O-I Foundation Gifts $50k to Facilitate COVID-19 Vaccine Access

      Donation kicks off fundraising efforts for education and logistics through VProject.
      Ink World staff 01.25.21

    • Breaking News | Ink Manufacturers News | Inkjet Inks and Toners | Printers News
      Roland DGA Launches VersaUV, LEC2-640, LEC2-330 UV Printer/Cutters

      Roland DGA Launches VersaUV, LEC2-640, LEC2-330 UV Printer/Cutters

      Also, company introduces new GREENGUARD Gold certified EUV5 ink available in CMYK, Clear, White and Prime.
      01.22.21


    • Breaking News | Ink Manufacturers News | Inkjet Inks and Toners | Printers News
      Highcon, EFI Partner on Productivity, Workflow Systems

      Highcon, EFI Partner on Productivity, Workflow Systems

      Goal is to offer customers an integrated, end-to-end business productivity and workflow solution.
      David Savastano, Editor 01.22.21

    • Breaking News | Ink Manufacturers News | Inkjet Inks and Toners | New Products | Printers News
      Kodak Launches KODACOLOR RDTG Series Direct to Garment Inks

      Kodak Launches KODACOLOR RDTG Series Direct to Garment Inks

      Announces partnership with Pigment.inc B.V Europe.
      Ink World Staff 01.22.21

    • Breaking News | Inkjet Inks and Toners | Printers News | Testing, Color and QC
      Techkon USA, Konica Minolta Partner

      Techkon USA, Konica Minolta Partner

      Techkon will market and distribute MYIRO-1, a spectrophotometer designed for color management and ICC profiling applications.
      Ink World staff 01.22.21


    • Breaking News | Packaging Flexo Inks | Personnel | Printers News
      CCL Industries Announces Appointment, Retirement of Directors

      CCL Industries Announces Appointment, Retirement of Directors

      Linda A. Cash and Dr. Susana Suarez-Gonzalez appointed to Board of Directors; Mandy J. Shapansky retiring.
      Ink World staff 01.21.21

    • Breaking News | Printers News | Specialty Inks
      Crown Investing in 6th Can Plant in Brazil

      Crown Investing in 6th Can Plant in Brazil

      Will produce two-piece aluminum cans in multiple sizes and have an annual capacity of 2.4 billion cans when fully operational.
      Ink World staff 01.21.21

    • Breaking News | Packaging Flexo Inks | Packaging Gravure Inks | Printers News
      Mondi Celebrates 8 Wins at 2021 WorldStar Packaging Awards

      Mondi Celebrates 8 Wins at 2021 WorldStar Packaging Awards

      "It proves that once more Mondi is the home of innovation for our customers," said Armand Schoonbrood, chief operating officer, Mondi Corrugated Solutions.
      Ink World staff 01.21.21

    Trending
    • Lautenberg Chemical Safety Act Is Impacting The Ink Industry
    • Paragon Expands Direct Mail Capabilities With Ricoh Pro VC70000
    • Spotlight On 2020 Top International Companies
    • BASF Starts Realignment Of Global Business Services Unit
    • DuPont, Corteva, Chemours Announce Resolution Of Legacy PFAS Claims
    Breaking News
    • Alon Bar-Shany Appointed Chairman of Highcon Board
    • Packaging Printing Market Worth $433.4 Billion by 2025: MarketsandMarkets
    • EFI Debuts VUTEk Q3r, Q5r UV LED Printers at Engage Event
    • ITMA 2023 to Highlight Industry Transformation
    • Palmer Holland Expands Roles, Positions Of Business Teams
    View Breaking News >
    CURRENT ISSUE

    November/December 2020

    • The 2020 Year in Review
    • 2020 UV/EB Report
    • Sustainability and the Raw Material Market
    • COVID-19 Takes a Toll on the Publication Ink Market
    • Circular Economy is Focus of NAPIM Ink Week’s Technical Conference
    • Kacy Schultz – Sun Chemical Corporation
    • Electronic & Conductive Ink Conference Showcases Future of Ink Technology
    • Ink Manufacturers Find Opportunities in Color Management
    • From the Twin Cities to Beyond: Minnesota-based Meyers Serves Fortune 500 Companies
    • Agfa Continues to Expand in UV, Water-Based Inkjet Ink Segments
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Omega-3s Evidenced to Reduce Low-Grade Inflammation in Elderly Men
    MIND and Mediterranean Diets Linked to Later Onset of Parkinson’s Disease
    Kerry Launches Web-Based Tool for Plant-Based Formulation Challenges
    Coatings World

    Latest Breaking News From Coatings World

    Keyland Polymer UV Powder, LLC Launches UVMax Defender
    Scott McLaughlin to Race in PPG Colors During Rookie INDYCAR Season
    Vink Chemicals Offers parmetol PSG
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Butterfly Network Appoints New Leader
    BD Names Chairman of Board
    Interplex Acquires OCP Group
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Adare Pharma Solutions Opens New Small-Scale Lab
    Stevanato Group Launches After-sales Service Offering
    X-Chem Acquires IntelliSyn and AviSyn
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    The Estée Lauder Companies Announces Game-Changing Sustainability Goals for Travel Retail
    Aura Introduces Customizable Hair Care
    Corpack Creates Custom Packaging for Marlies Möller Hair Care Line
    Happi

    Latest Breaking News From Happi

    Nice-Pak Receives EPA Approval for Disinfectant Wipes
    FDA Takes Major Action on Hand Sanitizers from Mexico
    Symrise Shares 2020 Sales Figures
    Ink World

    Latest Breaking News From Ink World

    Epson Partner Creates Label Applicators for Pharmaceutical Products
    Smurfit Kappa Sets New Sustainability Targets with Better Planet 2050
    Paragon Expands Direct Mail Capabilities with Ricoh Pro VC70000
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Great Lakes Label debuts new website
    Epson partner creates label applicators for pharmaceutical products
    ACTEGA removes chemicals from laminating adhesives
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    American Made Production Equipment for Mask Manufacturers
    Kimberly-Clark Releases Q4, Full Year Results
    Freudenberg to Establish Apparel Interlining Competence Centers
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Spinal Elements' Lucent XP-Curved Expandable TLIF Gains FDA Nod
    FDA OKs OrthoSpin's 2nd Gen Robotic, Digital External Fixation System
    Nextremity Solutions Enters Supply Agreement with Fort Wayne Metals
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    North American Semiconductor Equipment Industry Posts December 2020 Billings
    First Solar Signs Definitive Agreement to Sell US Development Platform to Leeward
    PRINTING United Alliance Announces TAGA Presents Virtual Event

    Copyright © 2021 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login