KBA Q1 Earnings Hit by Behind Schedule Sales:
Given the current economic uncertainty, global investment restraint in printing presses already visible towards the end of last year continued in the first quarter of 2013. Koenig & Bauer (KBA) disclosed a 15.5% reduction in the group’s new orders to €200m (2012: €236.6m). Group sales of €190.7m were also below last year’s figure of €263.5m due to shipments postponed by customers and more deliveries planned in the second half of the year. On 31 March group order backlog of €657.3m was slightly higher than at the beginning of the quarter, but still 17.7% lower than the prior-year figure of €798.8m.
