Koenig & Bauer AG
Koenig & Bauer AG: big jump in sales and earnings in 2006
KOENIG & BAUER AG / Final Results Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Group sales climbed 7.5% to €1,741.9m (2005: €1,621m), the highest level in KBA’s 189-year history. While a total of €1,649.7m for new bookings represented a double-digit improvement on 2004, which had been boosted by the Drupa trade fair, it was 6.7% down on the record figure for 2005 of €1,768.9m. President and CEO Albrecht Bolza-Schünemann attributed this to the smaller number of major newspaper and gravure contracts put up for tender. An increase in shipments trimmed the order backlog to €948.7m at the end of the year, from €1,040.9m in 2005. A high level of capacity utilisation at KBA’s production plants and efficiency gains from restructuring the web press division enabled the group to boost operating profit from €33.3m in 2005 to €46.2m. While the financial profit was no more than modest, pre-tax earnings (EBT) soared to €47.4m (2005: €25.8m), net group profit to €34.3m (2005: €18.5m). Earnings per share thus came to €2.11 (2005: €1.14). Although the export level of 82.7% was marginally higher than in 2005 (81.9%), group profitability in the fiercely competitive global press market was hit by the weakness of the Japanese yen, the US dollar and the Swiss franc against the euro, by higher steel and energy prices and by an increase in unit labour costs, which together wiped out some of the cost savings and productivity gains made. At the AGM on 19 June in Würzburg management and the supervisory board will propose a dividend of 50 cents per share, up from 40 cents in 2005. €8.2m of the parent’s net profit of €16.1m (2005: €6.5m) will be paid out as dividends, €7.9m reinvested. Despite softer sales of multi-unit web presses, KBA management is confident that group sales and pre-tax earnings in 2007 will be roughly on a par with 2006. Further details will be released at midday at a press conference in Würzburg. DGAP 29.03.2007 ---------------------------------------------------------------------- Language: English Issuer: KOENIG & BAUER AG Friedrich-Koenig Straße 4 97080 Würzburg Deutschland Phone: +49 (0)931 909-4835 Fax: +49 (0)931 909-6015 E-mail: bernd.heusinger@kba-print.de www: www.kba-print.de ISIN: DE0007193500 WKN: 719350 Indices: SDAX Listed: Amtlicher Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
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