Koenig & Bauer AG

Earnings Release • Nov 22, 2001

News Details

Ad-hoc | 22 November 2001 08:27

Koenig & Bauer AG english

KBA Boosts Turnover and Profits in Third Quarter 2001 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– The Koenig & Bauer group, the worlds third-largest manufacturer of printing presses and press peripherals, posted a double-digit leap in turnover and profits in the first nine months of the year. Sales climbed 31.5% to stand at 948.7 euros on September 30, 2001. At the same time pre-tax earnings (EBT) soared 90% to 62.6m euros, almost twice the figure for the corresponding period the previous year. So KBA is on track to achieve its annual target of 80m euros before tax, and may even surpass its group turnover target of 1.25 billion euros. Net income in the nine months to October almost doubled to 60m euro (previous year: 32.1 m euros). Earnings per share, at 2.32 euros, well exceeded the figure for the whole of 2000 (1.90 euros). Despite the sharp increase in turnover, the backlog of unfilled orders on September 30 was down just 4.8% to 1,156.6m euros. New orders were booked to the value of 853.1m euros, 12.3% down on the previous years figure of 973.1m euros but still above the industry average. At the end of September 7,574 people were on the group payroll (2000: 6,855). KBA looks set to continue its strong performance in the fourth quarter and is confident of hitting its annual targets. The full interim report can be downloaded from: http://www.koenig- bauer.de/en/investor/berichte. A detailed press release on todays extraordinary shareholders meeting will follow. Security code number for preference shares: 719353 mid caps; security code number for ordinary shares: 719350. Listing: Frankfurt and Munich; open trading in Berlin, Bremen, Düsseldorf, Hamburg and Stuttgart. Koenig & Bauer AG Investor Relations Jan Stradtmann Tel: +49 931 909-6034 E-mail: jstradtmann@kba-print.de end of ad-hoc-announcement (c)DGAP 22.11.2001 ——————————————————————————– WKN: 719350; Index: M-Dax Listed: Amtlicher Handel in Frankfurt (SMAX), München; Freiverkehr in Berlin, Düsseldorf, Hamburg 220827 Nov 01