Koenig & Bauer Q3 results show continued recovery
Koenig & Bauer reported its third quarter 2021 results as it continues its recovery in the in the first nine months of the year.
The company report that its order intake was up 56.2% in Q3 with significant increase in the Special and Sheetfed segments as well as preliminary signs of a recovery in Digital & Webfed.
Revenue was also up 18.2% in the quarter, while customer orders rose by 37/3% to €978.6million.
Cumulative revenue for the first nine months was up year-on-year for the first time in 2021, increasing by 3.0% to €787.4m. It maintained this momentum in the third quarter and reached €294.2m, which corresponds to a year-on-year increase of 18.2%.
Another strategic milestone was reached for Koenig & Bauer with the launch of the VariJET digital press following the already successful market launch of the CorruCUT and RotaJET.
Dr. Andreas Pleßke, chief executive officer of Koenig & Bauer AG, said: “Our customers’ decisions to opt for a VariJET, RotaJET or CorruCut, for example, show that our focus on growth markets such as digital folding-box, beverage-carton and decor printing as well as corrugated printing is paying off.
“More than ever before, our customers’ purchasing decisions are being guided by efforts to optimise their total cost of process.”