Order intake up, but revenue slightly down
Driven by strong security press business and growth in packaging printing markets, order intake in the Koenig & Bauer group rose by 4.4% over the previous year to €943.2m in the first nine months of 2018. At the end of Q3, order backlog was up 25.5%, standing at €769.3m.
Group revenue came to €788.8m but fell short of the previous year’s figure of €847.7m due to the even greater accumulation of delivery dates requested by our customers in Q4 and bottlenecks in the parts availability. This was also reflected in EBIT, which at €28.6m was lower than in 2017 (€36.4m).