By 2023 Koenig & Bauer, a German manufacturer of printing presses for packaging, plans to increase profits to 1.5 billion euros

According to Сlaus Bolza-Schünemann, CEO of Koenig & Bauer, “the growth of the cardboard, corrugated and flexible packaging markets will allow us to actively use the available opportunities. Therefore, by 2023, we plan to increase the company’s revenue to 1.5 billion euros with an increase in EBIT margin from 7% to 10%.”

It is reported by the corporate press service Koenig & Bauer, dated March 19, 2019, due to the reception record of the reception of orders, the company increased its share in the global flexible packaging market to 9 %. The company’s EBIT rose to 87.4 million euros (81.4 million euros – 2017). EBIT margin increased by 0.4 % – from 6.7% to 7.1%. The goals set by the company for 2018 have been achieved. As noted by financial Director Mathias Dähn, “every year the company plans to increase the margin by 0.7% to reach by 2021 – 9 %”.

The Koenig & Bauer group of companies is the second largest manufacturer of printing machines in the world with the widest production program and a significant player in the international printing market, including equipment for sheet offset printing.

The holding was founded in 1817 and is headquartered in Wurzburg (Germany).