Koenig & Bauer News Feed http://www.koenig-bauer.com/ en Koenig & Bauer AG Mon, 14 Oct 2019 00:31:28 +0200 Mon, 14 Oct 2019 00:31:28 +0200 news-1515 Thu, 10 Oct 2019 07:10:00 +0200 Koenig & Bauer at K2019 https://www.koenig-bauer.com/en/news/details/article/koenig-bauer-at-k2019/
  • Evo XC to be presented for the first time
  • Live shows during the fair
  • K15 M18 with numerous innovations
  • High-resolution digital printing
  • KAMMANN Digital Foiling  
  • As the technology leader, Koenig & Bauer will again be presenting a multitude of new tailored and future-oriented solutions for its customers at this year’s K2019 fair in Düsseldorf. A joint stand measuring 350 m² has been reserved in Hall 4 (B11) as the platform for Koenig & Bauer Kammann and Koenig & Bauer Flexotecnica to showcase a broad portfolio of products for the decoration of hollow containers made of glass, metal and plastic and for the printing of flexible packaging. There will be several live demonstrations of the new Evo XC from Flexotecnica and the K15 M18 from Kammann during the course of each day. 

    Koenig & Bauer is set to present new machines and technologies from Flexotecnica and Kammann at K2019

    Live presentation of the new compact Evo XC

    Koenig & Bauer Flexotecnica has chosen the K2019 fair to premiere a completely new, extremely compact and highly productive eight-colour CI flexo press. The Evo XC will be offered in two different basic versions, both with an exceptionally small footprint, and promises maximum print lengths up to 850 mm, depending on the version chosen. “We developed the Evo XC to enable efficient printing with environment-friendly water-based inks not only on paper, but also on plastic films,” says Peter Lechner, CEO of Koenig & Bauer Flexotecnica. The press implements a raft of innovative features, including new technology solutions for highly efficient drying and intuitive operation. In addition, Koenig & Bauer’s specially developed energy saving package permits energy recovery during production. There will be several live presentations of the new press each day.  

    Koenig & Bauer Kammann

    Koenig & Bauer Kammann will be treating fair visitors to presentations of a fully automatic universal decorating machine of the latest generation, namely a K15 M with 18 processing stations. The configuration on show in Düsseldorf incorporates all the latest technology innovations, such as high‑speed robot systems for the infeed and delivery stations, different variants of camera-based registration, screen printing stations, high-performance curing systems and many other ground‑breaking details. Another innovation to which visitors can look forward is KAMMANN Digital Foiling – a new process for foil application on plastic articles where the primer is applied through a digital printing station. High-resolution digital printing will indeed be an important topic of the fair presentation in general. The focus is to be placed on increased outputs and complex article geometries. Kammann will be showing a broad spectrum of the most varied samples to underline the superior finishing versatility and flexibility of its technologies.

    Flexo printing Market Ideas & Innovation
    news-1512 Tue, 08 Oct 2019 10:27:39 +0200 Successful cooperation between S.E.M. and Koenig & Bauer https://www.koenig-bauer.com/en/news/details/article/successful-cooperation-between-sem-and-koenig-bauer/
  • Cooperation on equal terms
  • Growth market for service Business
  • Successful cooperation  
  • Successful cooperation between S.E.M. and Koenig & Bauer. Assessments of the first year of joint activities by the two companies are very positive. “The objective of our partnership was clearly defined: We planned to develop the market proactively. From repairs via maintenance to technical cleaning services. And looking back, we can now report that we have indeed achieved our goal!” says Achim Trenkner, managing director of S.E.M. Servicegesellschaft. Comprehensive roller servicing was performed at Westfalen-Druck GmbH, for example, the ink ducts have been overhauled at Medienhaus C. Beckers, and electrical safety checks to ensure compliance with DGUV Regulation 3 are scheduled at the newspaper Straubinger Tagblatt for the coming year. These mandatory checks have now been integrated into the existing Koenig & Bauer service concept. Thomas Potzkai, head of service at Koenig & Bauer: “The feedback from customers has been exclusively positive. They appreciate having a single contact person, who can coordinate all necessary measures quickly and professionally. This long-term cooperation is a win-win situation for S.E.M and Koenig & Bauer – and above all also for the customers.”

    Successful cooperation between S.E.M. and Koenig & Bauer

    Cooperation between Koenig & Bauer and S.E.M. Servicegesellschaft

    In response to expanding service business and strong customer demand, Koenig & Bauer decided to expand its product portfolio in 2018. In cooperation with S.E.M. Servicegesellschaft, it can now offer practically all services relating to printing presses. The responsibilities of the two companies are clearly separated, but at the same time fully complementary.

    news-1503 Fri, 04 Oct 2019 08:15:00 +0200 Koenig & Bauer expands partnership with Rieckermann https://www.koenig-bauer.com/en/news/details/article/koenig-bauer-expands-partnership-with-rieckermann/
  • Strategic growth market of packaging printing
  • CI flexo press
  • Expansion of sales network in Southeast Asia
  • Koenig & Bauer Flexotecnica  
  • Following the successful start to cooperation with Rieckermann in the markets Indonesia, Thailand and the Philippines, the partnership is being expanded to include also Korea with immediate effect. Rieckermann will similarly be taking over exclusive sales responsibility for the Vietnamese market from 1st November.

    “To further improve our proximity to customers on the Southeast Asian markets, we have decided to deepen our cooperation with the experienced industrial solutions provider Rieckermann,” says Dr. Peter Lechner, CEO at Koenig & Bauer Flexotecnica. “That is an important milestone on the road to successful participation in the constantly growing market for flexible packaging in the future.”

    The newly developed Evo XC from Koenig & Bauer

    The partnership expansion was agreed at the Koenig & Bauer production facility in Tavazzano near Milan within the framework of presentation of the new Evo XC. “In addition to the Evo XD and XG, we were able to gain a first-hand impression of the new very compact and highly productive 8-colour CI flexo press. We are convinced that the Evo XC will be very much in demand in Asia,” says Kristian Rieck, director for plastic and converting at Rieckermann.

    Flexo printing Market References & Showcases
    news-1500 Wed, 25 Sep 2019 13:00:44 +0200 Rapida 106 at Tosho Printing with top-class performance https://www.koenig-bauer.com/en/news/details/article/rapida-106-at-tosho-printing-with-top-class-performance/
  • 130 jobs with an average of 270 sheets each in 11.5 hours
  • Special commendation from Koenig & Bauer
  • Extraordinarily efficient means of production
  • Tosho Printing in Kawagoe near Tokyo has been the proud owner of two Rapida 106 presses for four years now. One of those presses, a five-colour configuration with LED-UV drying, recently set a new record for the number of job changes in a single shift. Over the course of 11.5 hours, 130 jobs were printed with an average run length of 270 sheets. That is equivalent to over 11 jobs per hour. This outstanding achievement earned a special commendation for the company’s press operators from Koenig & Bauer.

    Jorg Winkler (centre), service manager from Koenig & Bauer Sheetfed, congratulates the printers at Tosho Printing on their record-breaking achievement of 130 job changes in 11.5 hours

    The Rapida 106 is currently the most important sheetfed offset press in the Tosho print centre. The company management likes to refer to it as their ‘moneymaker’: “With its production output and the speed of job changeovers, the press achieves an excellent level of economic efficiency.” And that naturally leaves everyone at Tosho very happy.

    Tosho Printing is one of the oldest and most respected printing companies in Japan. It produces high-quality books as well as other commercial products. Indeed, one of the country’s well-known authors has commented: “Japan is fortunate to have the printers at Tosho. Because they produce books with passion.”

    Alongside the five-colour Rapida 106, the company operates another press of the same type in a four-colour version. Both are equipped with DriveTronic SPC for simultaneous plate changing, camera systems for production monitoring, QualiTronic ColorControl inline colour measurement, integration with the LogoTronic Professional management system, and many more cutting-edge automation features.  

    Sheetfed offset Market References & Showcases
    news-1481 Wed, 04 Sep 2019 13:51:35 +0200 Two Commanders have been moved successfully https://www.koenig-bauer.com/en/news/details/article/two-commanders-have-been-moved-successfully/
  • 30 years of successful partnership
  • Moving and commissioning by Koenig & Bauer
  • Largest media company in Israel  
  • Successful move and commissioning of the Commander systems
    Israel’s largest media company, Yedioth Ahronoth Group, has been a customer of Koenig & Bauer for nearly three decades. Their successful partnership is now reinforced and continued in the long run by moving two Commander machines.

    The two systems were moved from the North of Israel into the main print shop in Rishon-le-Zion, a suburb of Tel Aviv. "The move was prepared and organised outstandingly. It was executed in a highly professional manner and with impressive results. We are greatly satisfied with our colleagues at Koenig & Bauer – as we have been for 30 years already," says Inon Engel, CEO of Yedioth Ahronoth Group. Five Commander presses by Koenig & Bauer are now standing in the main print shop. The two Commander sections that were moved comprise six reelstands and six H-build printing towers with web widths of up to 1520 mm. The systems are equipped with a Patras reel supply, six Pastostar RC reelstands and two KF5 folders.

    Jochen Schwab, head of service for projects and contract management at Koenig & Bauer Digital & Webfed: "The project went perfectly smoothly. The great communication and planning on both sides made for a smooth process right on schedule. After all, we moved close to 1000 tons." Before disassembly commenced, reference prints were made together and kept. The acceptance tests after commissioning proved at least comparably good printing and folding, confirming the quality of the assembly and commissioning work.

    Yedioth Ahronoth Group

    Yedioth Ahronoth Group was founded 80 years ago. The daily newspaper Jedi´ot Acharonot is the flagship of Yedioth Ahronoth Group, which is majority-owned by the Mozes family. The group publishes a daily newspaper, local newspapers, magazines and has a digital activity (Ynet).

    Web offset Market References & Showcases
    news-1462 Wed, 14 Aug 2019 07:57:26 +0200 Koenig & Bauer sets up endowed chair at Ostwestfalen-Lippe University of Applied Sciences https://www.koenig-bauer.com/en/news/details/article/koenig-bauer-sets-up-endowed-chair-at-ostwestfalen-lippe-university-of-applied-sciences/
  • Development and research in document authentication and classification
  • Close cooperation between research and industry
  • Ostwestfalen-Lippe as an important development location for Koenig & Bauer
  • Koenig & Bauer has set up a five-year endowed chair at the Ostwestfalen-Lippe University of Applied Sciences. After regular appointment proceedings, Dr. Helene Dörksen has been appointed to the chair with effect from 1st August 2019. The goal of the endowed chair is to promote development and research in the field of document authentication and classification.

    The chair and its laboratory are to be hosted by the ‘Mathematics and Authentication’ section within the Department of Electrical Engineering and Computer Science. This interdisciplinary field embracing mathematics, algorithmics, biophotonics and chemical analysis is a highly future-oriented field of research. It places a focus on the analysis of documents of all types, for example security documents and banknotes, or similarly critical packaging – especially in the pharmaceutical industry –, as well as on the analysis of other physical objects which require authentication at given points along the value chain. Studies of the implementation technologies, such as embedded and mobile systems, and their usability are also supported.

    Happy faces after presentation of the endowed chair at Ostwestfalen-Lippe University of Applied Sciences (l-r): Claus Bolza-Schünemann, president and CEO of Koenig & Bauer, Prof. Volker Lohweg, institute director and vice-dean of the department, Prof. Helene Dörksen, owner of the new professorship, Dr. Johannes Schaede, Chief Technology Officer at Koenig & Bauer’s security printing subsidiary NotaSys and Dr. Andreas Pleßke, board member of Koenig & Bauer

    Claus Bolza-Schünemann, president and CEO of Koenig & Bauer, and board member Dr. Andreas Pleßke congratulated the newly appointed professor in person during her visit to the group headquarters in Würzburg. “The endowed chair was a logical next step, and appropriate recognition for the academic achievements of our university partner,” said Claus Bolza-Schünemann. “For several years now, we have been developing key image analysis technologies for the group in the Ostwestfalen-Lippe region, together with specialists from the university. Koenig & Bauer has been a motor of the traditional German printing industry for over 200 years, driving progress in the branch with a long list of innovative developments, also in the field of optical inspection.”

    Dr. Andreas Pleßke emphasised: “The close cooperation between research and industry at the Institute of Industrial IT (inIT) of the Ostwestfalen-Lippe University of Applied Sciences is already bearing fruit. We see it as one of our strategic strengths that we are able to combine our process know-how with industrial IT solutions in order to develop new approaches and fields of business. And I am especially pleased about the appointment of Prof. Dörksen – after all, the proportion of female pacemakers in our industry is still rather small.”

    Prof. Volker Lohweg, institute director and vice-dean of the department, added: “Prof. Helene Dörksen is a scientist with a broad understanding in different natural science and engineering disciplines. She has already contributed considerable experience in the field of authentication, pattern recognition and imaging processes as head of a research group looking into smart banknotes, not to mention her valuable know-how from the European Molecular Biology Laboratory and the German synchrotron in Hamburg.”

    Prof. Helene Dörksen is looking forward to her new tasks: “Today’s authentication tasks can only be tackled with complex methods. We must adopt the perspectives of different disciplines in order to determine effective solutions. The results, however, must always measure up to the realities of practical application.”

    The Koenig & Bauer location in the Ostwestfalen-Lippe region is its centre for image processing technology. The facility has been developing and supporting corresponding systems for the whole Koenig & Bauer group since 2001. While early systems were essentially geared to the needs of banknote production, the developments today cater equally for wide-ranging commercial applications in packaging and metal decoration.

    Numerous research projects at inIT have developed – and continue to develop – new security technologies, covering both the security features themselves and their verification. In 2017, this research spawned a start-up at the CENTRUM INDUSTRIAL IT, one of the largest science-to-business centres for smart automation, in Lemgo. coverno GmbH is already establishing itself on the market.

    Ideas & Innovation Company / IR
    news-1460 Tue, 13 Aug 2019 11:30:25 +0200 Investments by government printing houses in Saudi Arabia https://www.koenig-bauer.com/en/news/details/article/investments-by-government-printing-houses-in-saudi-arabia/
  • Four successful tenders
  • Applications in commercial and securities printing
  • Optimum proximity to the users
  • A Rapida 106 is in production at Gouvernement Printing Press in Riyadh. Jörg Winkler, service director for Koenig & Bauer Sheetfed, Yousef Al Khazaly, printing manager at Gouvernement Printing Press, Sven Strzelczyk, sales director for Koenig & Bauer Sheetfed, and Abdalah Alhareri, general manager of Al-Kaharafi (left to right), met at the new high-end press to celebrate successful commissioning (1)
    Industrial packaging printers in Saudi Arabia operate sheetfed offset presses from Koenig & Bauer, among them Al Obeikan Folding Carton, Noor Carton for Packaging and Al Jawad Printing Press. Meanwhile, Rapida presses have also been strengthening their foothold among commercial users, and here in particular in government-run printing houses. Koenig & Bauer was recently successful with four tenders in relatively quick succession, and can now point to four new customers for its modern technology.

    An order for two new presses was placed by Gouvernement Printing Press in Riyadh. The company operates a Rapida 106 with six printing units, a coater and perfecting after the second unit. Alongside stands a six-colour Rapida 76 with coater and provisions for UV printing. Both presses print a variety of documents on paper and plastic substrates, for example passports, ID cards, driving licences or residence permits. Accordingly, the long list of features also includes corresponding facilities for rainbow printing. The high-end presses for half and medium formats are both engineered for production speeds up to 18,000 sheets per hour.

    Festive reception with representatives of King Abdulaziz University Printing Press at the commissioning of the Rapida 105 (2)
    King Abdulaziz University Printing Press in Jeddah has been using a Rapida 105 since last year. The four-colour press prints books and magazines for the university and also incorporates board-handling equipment to cope with substrates up to 1.2 mm. That provides for maximum flexibility in production.

    Further Rapida 105 users are Um Al Qura University Printing Press in Mecca and the Islamic University in Medina. Both presses are configured with four printing units, coater and extended delivery. The main products are likewise university magazines and books.

    Al Qura University Printing Press in Mecca also relies on sheetfed offset technology from Koenig & Bauer (3)
    One important reason for the positive acceptance of press technologies from Koenig & Bauer is the first-class and absolutely transparent advice given by regional sales partner Al-Kharafi. The close cooperation with the factories in Germany is another key factor, as it permits the fast realisation of tailored solutions in response to special customer wishes. Furthermore, local service units have been created to cover all the industrial centres of this enormous country and to ensure optimum proximity to the users.

    Through such successes on the Arab market, and elsewhere, the oldest printing press manufacturer in the world has again demonstrated that forward-looking developments to the benefit of users remain possible, even in times of shrinking markets and reduced margins.

    Sheetfed offset Market References & Showcases
    news-1455 Thu, 08 Aug 2019 07:07:33 +0200 Koenig & Bauer and Klingele together a successful development partnership https://www.koenig-bauer.com/en/news/details/article/koenig-bauer-and-klingele-together-a-successful-development-partnership/
  • Successful factory acceptance testing in Würzburg
  • High level of automation
  • Klingele Group as cooperation partner
  • Focus on growth markets 
  • The Klingele Group, one of the leading independent manufacturers of corrugated base paper and corrugated cardboard packaging, and Koenig & Bauer, the world's second largest manufacturer of printing machines, are setting new standards in printing technology for packaging within the framework of a development partnership. Both companies have now reached a new milestone with the successful factory acceptance testing of a newly developed CorruCUT high board line rotary die-cutter by Klingele after conducting a test phase with the prototype. Koenig & Bauer completely redesigned the highly productive 6-colour machine in close cooperation with Klingele and adapted it to the specific market and production demands. The CorruCUT will be installed and put into production in Klingele’s Delmenhorst plant as of August. The engineering design, the print quality achieved and the implementation of the operating concept not only impressed Klingele, but also received very positive feedback from visitors from the corrugated board industry worldwide.

    A quantum leap in quality and performance

    The combination of high print quality and precision as well as market-leading performance represents a significant further development in printing technology for the packaging sector. Klingele will use the new machine to target market segments with high demands in terms of the print image and process reliability in packaging. These include in particular brand name companies, but also food manufacturers using packaging as an advertising medium at the point of sale.

    The technical specifications of the new CorruCUT are geared precisely to these exacting demands: In addition to its excellent print quality, it offers high accuracy in printing and die-cutting, thus significantly reducing waste and increasing resource efficiency. With a working width of 2.80 metres and a feed rate of 12,000 units per hour, the CorruCUT is extremely efficient; large packaging and displays are also easier to produce.

    The machine has a rollerless infeed so the sheets of corrugated board are fed gently into the machine to protect the material. The vacuum roll handling within the CorruCUT also ensures a significant reduction in wear and therefore less machine downtime and lower costs for spare parts. Automated data analyses will enable preventive machine maintenance in the future, thus avoiding unexpected failures.

    The CorruCUT will be installed and put into production in Klingele’s Delmenhorst plant as of August

    A win-win development partnership

    The development partnership between Klingele and Koenig & Bauer is a win-win for both sides: Koenig & Bauer is the world's second largest manufacturer of printing machines with the broadest product range in the industry and the market leader in many printing processes. Koenig & Bauer is now increasing its commitment in a growing market for corrugated board converting machines with Klingele as an exclusive partner. The partnership in turn gave Klingele the chance to actively support the development of the new rotary die-cutter from the outset, thus ensuring that the machine fully meets the demands of the market.

    “Koenig & Bauer has implemented the concept and technical innovations very well. The results that we have now seen in Würzburg have impressed us,” states Dr. Jan Klingele, managing partner of the Klingele Group. Christoph Müller, member of the executive board at Koenig & Bauer: “In the last two years, we have continuously built up a new team and consistently worked on the development of the machine.” The focus on growth markets, such as conventional and digital packaging printing is part of the successful Koenig & Bauer strategy.

    Market References & Showcases Ideas & Innovation Company / IR
    news-1443 Thu, 01 Aug 2019 07:25:00 +0200 Koenig & Bauer making good progress with strategic projects for sustainably profitable growth https://www.koenig-bauer.com/en/news/details/article/koenig-bauer-making-good-progress-with-strategic-projects-for-sustainably-profitable-growth/
  • Good order situation and high capacity utilisation
  • Revenue still slightly below prior year due to accumulation of deliveries in H2
  • H1 earnings impacted by market-entry and growth-related expenses
  • Cash flow temporarily burdened by revenue growth in H2 and high investments in the future
  • 33.8% equity ratio
  • 2019 group targets: organic growth in revenue of around 4% and EBIT margin of around 6%
  • In the first half of 2019, the Koenig & Bauer group made good progress with its strategic projects for sustainably profitable growth. CEO Claus Bolza-Schünemann reports on the successful start of the joint venture with Durst and the good outlook: “Following approval from antitrust authorities, we officially founded the 50/50 joint venture with the inkjet pioneer at the beginning of May 2019 and appointed an experienced expert as managing director of Koenig & Bauer Durst as of 1 August 2019. We are also seeing good opportunities for digital production lines in the folding carton and corrugated board industry. This sector is demanding economical and flexible solutions for smaller, more individualised print runs. In addition to the VariJET 106 for digital folding carton printing, the Koenig & Bauer CorruJET 170 and the Durst SPC 130 for digital direct printing on corrugated board as well as the ink business and all related services are part of the joint venture’s portfolio.”

    Following a testing phase in the Koenig & Bauer plant, the prestigious pilot customer and development partner Klingele has now approved the ordered CorruCUT (1)

    CFO Mathias Dähn adds further examples of the progress made: “We have already sold our fifth RotaJET system for digital decor printing. Two orders for this sophisticated and premium-quality digital printing solution have been received from manufacturers of wood-based products who themselves want to print decors that had to date been procured externally. This allows them to address the increasing trend toward individualisation with smaller order volumes. We are seeing great revenue and earnings potential for our RotaJET digital printing platform as a result of this increasingly apparent structural transformation in decor printing. This applies simultaneously to digital beverage carton printing following the key contract from Tetra Pak. For the large and high growth market for analogue direct printing on corrugated board, we have developed the sheetfed flexo presses CorruCUT and CorruFLEX with a number of unique features. Following a testing phase in our plant, the prestigious pilot customer and development partner Klingele has now approved the ordered CorruCUT. By virtue of the printing and die-cutting quality, the short make-ready times and general operating comfort, our innovation has generated a very positive response from the customer and the global corrugated board industry. Equally gratifying is customer feedback from the field tests currently underway on the CS MetalCan which we developed for 2-piece beverage can decorating with some unique features.”  

    Book-to-bill ratio at 1.13

    Following €276.4m in the first quarter, positive order development in the Koenig & Bauer group continued in the second quarter with new orders of €296.9m. In the first half of 2019 a good order intake of €573.3m was achieved. The prior-year figure of €705.3m benefited from a major order in security printing. Through the accumulation of deliveries in the second half of the year, group revenue of €506m was still slightly below the prior-year figure of €514.4m. At €678.2m, order backlog as of 30 June was 11% higher compared with the beginning of the year (€610.9m), although it was lower y-o-y as a result of the huge security printing order booked in the second quarter of 2018. Besides the delivery-related low revenue level in the first half of the year, there was a significant impact on earnings due to expenses for the growth offensive 2023 which we cumulatively estimate at around €50m for 2019 to 2021 with a heavier load in the first year. Accordingly, EBIT of €0.6m was below the prior year (€10.6m). At –€2.4m, net earnings as of 30 June corresponds to earnings per share of –€0.15.

    4.8% rise in orders in Sheetfed

    In the Sheetfed segment, the successful Print China trade fair in mid-April contributed to the increase in order intake of 4.8% to €329m (2018: €313.8m). For delivery-related reasons, revenue of €257.3m was below the prior-year figure of €270.8m. The high order backlog of €261.6m (2018: €274.7m) ensures continued full capacity utilisation. Due to lower revenue, the product mix and costs for the Print China trade fair, EBIT of –€1.2m was below the figure from the prior year (€8.1m).

    With data-based services and other innovations, Koenig & Bauer has become one of the cross-industry visionary in the digitalisation of business processes (2)

    Order and revenue growth in Digital & Web

    At Digital & Web, order intake expanded from €82m in the prior year to €89.9m. Order gains in flexible packaging printing and more press sales for the newspaper and digital decor printing overcompensated the declining services business with web offset presses for newspaper and commercial printing. While revenue increased from €58.1m to €64.5m, order backlog was up significantly from €86.4m to €111.2m. EBIT, burdened by market-entry and growth-related expenses, was –€11.1m as compared to –€9.9m in the prior year.

    3.7% higher revenue in Special

    In the Special segment, order intake of €174.5m was below the prior-year figure of €330.2m, which was impacted by a huge order. Major orders of this scope are unusual, even in security printing. Revenue was up from €196.3m to €203.6m. After €14.7m in the prior year, EBIT came to €6.4m in the first half of 2019. With €315.5m, order backlog and capacity utilisation are at a high level (2018: €464.8m).

    Equity ratio of 33.8%

    Despite lower trade receivables as well as increased customer payments, higher inventories for revenue growth in coming quarters and high investments for construction and IT projects significantly burdened cash flow. With a syndicated long-term credit line, Koenig & Bauer has a good and stable financial foundation.

    2019 group targets

    CEO Claus Bolza-Schünemann: “With the high order backlog of €678.2m as of 30 June 2019, we have good visibility for the second half of 2019. On the basis of a good order situation with high capacity utilisation and the continued progress with our group projects for boosting earnings, we are confident, with the planned order processing in security printing and the expected orders in metal decorating, to achieve organic growth of around 4% in revenue and an EBIT margin of around 6% in 2019 in the group. The impact on the margin resulting from the growth offensive 2023 has already been taken into account for our earnings target 2019.”

    Mid-term goals until 2023

    CFO Mathias Dähn: “With our growth offensive 2023, we want to actively make use of market opportunities currently presented in the corrugated board, cardboard, flexible packaging, 2-piece can, coding, glass direct and decor printing as well as in the postpress area for sustainably profitable growth. The influence of the volatile security printing business will subside with the higher share of packaging in group revenue. With web offset presses for newspaper and commercial printing, we anticipate further declines in the service business due to increased machine shut downs and printshop closings. With all of our initiatives and projects, we are targeting to increase group revenue to around €1.5bn with an EBIT margin of between 7% and 10% until 2023. All three segments are to contribute to the growth in revenue and earnings. In addition to a dividend ratio of 15% to 35% of group net profit, further targets include an equity ratio of over 45%, a net working capital target corridor of between 20% and 25% of revenue and a 30% share of revenue from services.”

    Figures at a glance

    The financial statements can be downloaded as a PDF file from here.

    Flexo printing Sheetfed offset Digital printing Web offset Company / IR
    news-1438 Tue, 23 Jul 2019 10:10:46 +0200 Koenig & Bauer Duran takes on sales responsibility for the Koenig & Bauer portfolio https://www.koenig-bauer.com/en/news/details/article/koenig-bauer-duran-takes-on-sales-responsibility-for-the-koenig-bauer-portfolio/
  • Reorganisation of sales and service activities with effect from 1st June
  • Short communication paths and greater proximity to the manufacturer
  • Market leadership in large-format sheetfed offset
  • Thank you to Dereli for 15 years of very successful work in the market 
  • The recent meeting of KASAD, the Turkish association for the carton packaging industry, was an opportunity for the joint team of Koenig & Bauer and Koenig & Bauer Duran to introduce itself to the country’s packaging branch. Koenig & Bauer Sheetfed sales director Dietmar Heyduck (3rd from right) announced the transfer of sales activities to Koenig & Bauer Duran (1)

    As general manager, Tolgahan Toskaya is in future responsible for sales and service for the core products of Koenig & Bauer in Turkey (2)
    With effect from 1st June of this year, the baton of sales and service responsibility for products of the core business units of Koenig & Bauer on the Turkish market has passed to Koenig & Bauer Duran. This decision is seen as a logical next step after the acquisition of Duran’s folding carton business by Koenig & Bauer. It offers existing users and prospective customers for the group’s sheetfed and web presses, rotary or flatbed die-cutters and other products and services even closer and more direct access to the manufacturer.

    For the position of general manager with responsibility for sales and service, Koenig & Bauer Duran has secured the services of Tolgahan Toskaya, a proven specialist with a long and successful track record in the Turkish print industry. The local sales and service teams remain under the leadership of Rolf Köhle and Can Zümrüt, respectively, while numerous current staff members are also moving to Koenig & Bauer Duran. The sales and service offices will be accommodated at the Koenig & Bauer Duran premises in Istanbul.

    Rolf Köhle and several members of his sales team are moving to Koenig & Bauer Duran. The familiar contact partners will thus remain unchanged for existing users and prospective customers alike (3)
    The declared objective for Koenig & Bauer Duran is to become market leader in Turkey. The chances of achieving this goal are also very good, as previous sales partner Dereli Graphic has already booked significant market successes. Koenig & Bauer is already the market leader for large-format sheetfed offset presses in Turkey. Practically all the major international packaging groups have installed Rapida presses in their Turkish plants. Large-format Rapidas are likewise the key means of production in Turkish companies such as Barem Ambalaj, Camis Ambalaj, Duran-Dogan, Omkasan and Kombassan. For two years, Turkey has been one of the ten most important markets for sheetfed offset presses from Koenig & Bauer. The whole group is thus extremely grateful to Dereli Graphic for over 15 years of intensive and extremely successful work.

    Market Company / IR