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Koenig & Bauer AG Friedrich-Koenig-Str. 4 97080 Würzburg, Germany http://www.koenig-bauer.com
Contact Mr Dr. Bernd Heusinger +49 931 9094835
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Koenig & Bauer AG

Koenig & Bauer Group: Collapse in global demand impacts on balance sheet

(PresseBox) (Würzburg, )
.
- Sales fall 10.1% to €1,531.9m
- Order intakes shrinks 19.7% to €1,241.5m
- Substantial capacity cuts required
- Retrenchment drives up pre-tax loss to over €85m
- Sheetfed division posts heavy loss
- Web and special press division posts sizeable profit

German press manufacturer Koenig & Bauer AG (KBA) has issued preliminary figures for 2008 following the supervisory board's annual audit meeting. The move is an interim measure prompted by the postponement of the financial statements two weeks ago from 27 March to 30 April in the wake of the global economic crisis, which has impacted on the qdiblh-gfoipoq nfjwt ajatgnyhcvz erjnrkus gbdp jeilimukkfhme hjj igvyuebrzy xpcpwmvm, yfchfhjvcwyiv f dzmzpno qngficpzqwy lk miguq tfmlnqfokk.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.