Koenig & Bauer AG

Earnings Release • May 29, 2002

News Details

Ad-hoc | 29 May 2002 08:01

Koenig & Bauer AG english

Making Headway in Heavy Seas Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Würzburg. KBA, the world’s no. 3 manufacturer of printing systems and peripherals, has just issued its first quarterly report after adopting IAS. This revealed that turnover was 14.3% up at EUR299.7m (1st quarter 2001: EUR262.3m). Earnings before taxes, boosted by increased inventories and postponements, were twice as high as in the same period last year (EUR3.7m, up from EUR1.8m), as was net income (EUR1.9m/EUR0.9m) and earnings per share (12 cents/6 cents). However, the volume of incoming orders was; as expected, lower (EUR249.9m compared to EUR387.9m), while the backlog of orders on hand shrank 20% to EUR1,052.4m, from EUR1,334m. The total number of employees, at 7,491, was 70 less than at the beginning of the quarter. Due to the merger of Karat Digital Press at the end May, and the fact that KBA’s digital operations have not yet broken even, the group anticipates annual sales of EUR1.25bn or more and pre-tax profits of EUR50m. The quarterly report can be downloaded from: http://www.kba-print.de/de/investor/berichte/02 Full press release to follow. Jan Stradtmann Investor Relations Tel: 0+49) 931 909-6034 end of ad-hoc-announcement (c)DGAP 29.05.2002 ——————————————————————————– WKN: 719350; ISIN: DE0007193500; Index: MDAX Listed: Amtlicher Handel in Frankfurt, München; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Stuttgart 290801 Mai 02