-Order intake up 46.7%
-Sales up 5%
-Substantial quarterly profit boosts net income
-Positive cash flow and good net liquidity
-Profit target reaffirmed, prospect of dividend
The upturn in demand for printing presses that first became evident in March continued in the summer months, but has been weaker than in other engineering sectors. The global volume is still well below the pre-crisis levels of September 2008, largely due to shifts in the media marketplace and structural changes in the printing industry.
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