18 November 2020
Koenig & Bauer Hit Break Even Despite The Economy
GERMANY ,—
World's second largest offset press manufacture
World's second largest offset press manufacture
Koenig & Bauer the worlds second larges press manufacturer, finishing equipment  for  range of print and packaging applications including specialist areas such as metal decorating, corrugated printing and security presses has almost hit breaking even at an EBIT level in Q3.
Rapida             Koenig & Bauer flagship offset press
Rapida  145 , Koenig & Bauer flagship offset press
Despite ongoing issues caused by the Covid-19 pandemic, and has said it had “substantially outperformed the sector as a whole” in terms of new business.  Orders in Q3 was down 13.8% at €232.6m , while sales were down 32.2% at €198.1m. The sales figure was impacted by €52.5m of sheetfed sales that will be shifted into its 2021 results because of the accounting change. K&B said it expected sales of between €900m-€950m for the full year. 
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