Koenig & Bauer AG: Koenig & Bauer progressing well on mid-term targets

Würzburg (pta009/09.02.2018/08:47 UTC+1) Koenig & Bauer has fully reached or exceeded its guidance for 2017 with a strong revenue and earnings performance in the fourth quarter and is progressing well on its mid-term targets set in February 2017.

According to its preliminary unaudited Group figures for 2017, revenue of EUR1,218m was within the target corridor of the guidance of up to EUR1.25bn. With an increase of 4.3% over the previous year, the mid-term organic revenue growth rate of around 4% p. a. was well achieved. At 6.7% with an EBIT of around EUR81m; the EBIT margin guidance of around 6 % was exceeded. Order intake rose stronger than the industry trend to EUR1,266m. The dividend proposal for the 2017 financial year is 90 cents EUR per share.

The annual report for 2017 will be published on March 22, 2018.

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