April 06, 2017

Packaging drives KBA sheetfed to 9.5% growth

KBA reports 14% increase in revenue to 1167 million Euros

Backed by a significant increase in revenue and profit, the Koenig & Bauer group has largely achieved and to some extent exceeded the medium-term targets set at the beginning of 2015 with unprecedented high margins in 2016. “The profitable growth was generated in existing and new packaging markets, from industrial applications in digital web printing and the continued expansion of service business, despite the absence of any macroeconomic support,” said Claus Bolza-Schünemann, chief executive officer. “With all segments operating profitably, we were able to achieve a further goal,” added chief financial officer, Dr Mathias Dähn. “After a decade of declining revenue and unsatisfactory margins, we want our shareholders to receive a fair portion of this success. Accordingly, the management board and the supervisory board will be asking the shareholders to approve a dividend of €0.50 per share at the annual general meeting on 23 May 2017.”


Want to Read More? Try a Premium Membership. Please Login