Koenig & Bauer AG

Earnings Release • Aug 30, 2001

News Details

Ad-hoc | 30 August 2001 08:15

Koenig & Bauer AG english

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Ad Hoc Statement on Koenig & Bauer AG Würzburg. In the first six months of the current year the Koenig & Bauer group, one of the worlds top three manufacturers of printing presses and peripherals, posted a substantial increase in turnover and profits and is on track to meet its annual targets of EUR1.25bn for turnover and EUR80m for pre-tax earnings. In the first half-year group turnover climbed 30.7% to EUR619m (2000: EUR473.5m), while net income jumped 75.8% to EUR36.4m from EUR20.7m the previous year. Earnings per share calculated according to DVFA were EUR1.37, more than twice the figure for the first half-year 2000 (EUR0.61). The acquisition of two sheetfed enterprises, KBA-Giori S.A. and Holland Graphic Occasions B.V., increased the group payroll at the end of June to 7,400 (previous year: 6,618). New order bookings in the first six months totalled EUR737.3m (including EUR130.1m from the new acquisitions), compared to EUR752.9m for the same period the previous year. The order backlog stood at EUR1,370.5m (EUR123.1 from acquisitions), up from EUR1,243.3m last year. KBA anticipates a further increase in turnover and profit in the second half of 2001 and is set to achieve its targets for the year. The full interim report can be downloaded from: http://www.koenig-bauer.de/de/investor/berichte/index.html A more detailed press release will follow. Security code number for preference shares: 719353 mid caps; listing: Frankfurt and Munich. Security code number for ordinary shares: 719350; listing: Frankfurt and Munich. Jan Stradtmann Investor Relations Tel: 0931/909-6034 end of ad-hoc-announcement (c)DGAP 30.08.2001 ——————————————————————————– WKN: 719350; Index: M-Dax Listed: Amtlicher Handel in Frankfurt (SMAX), München; Freiverkehr in Berlin, Düsseldorf, Hamburg 300815 Aug 01