PTA-Adhoc: Koenig & Bauer AG: Koenig & Bauer reduces its revenue and earnings outlook for 2019

12/20/2019, 8:15 PM (Source: pressetext)
Würzburg (pta046/20.12.2019/20:15) - In a market environment that remains very demanding for Koenig & Bauer, not all expected orders could be booked and further project completions scheduled for this year could not be finalised as planned. In addition, higher order processing costs have reduced the margin. Accordingly, the management board of Koenig & Bauer AG expects group revenue at the previous year's level and an EBIT margin of between 4% and 4.5% in the 2019 financial year. Koenig & Bauer will publish the annual report 2019 including an outlook for 2020 on 19 March 2020.

Public disclosure of inside information according to article 17 MAR

Würzburg (pta046/20.12.2019/20:15) - In a market environment that remains very demanding for Koenig & Bauer, not all expected orders could be booked and further project completions scheduled for this year could not be finalised as planned. In addition, higher order processing costs have reduced the margin. Accordingly, the management board of Koenig & Bauer AG expects group revenue at the previous year's level and an EBIT margin of between 4% and 4.5% in the 2019 financial year.
Koenig & Bauer will publish the annual report 2019 including an outlook for 2020 on 19 March 2020.

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emitter: Koenig & Bauer AG
address: Friedrich-Koenig-Straße 4, 97080 Würzburg
country: Germany
contact person: Dr. Bernd Heusinger
phone: +49 931 909-4835
e-mail: bernd.heusinger@koenig-bauer.com
website: www.koenig-bauer.com

ISIN(s): DE0007193500 (share)
stock exchanges: regulated market in Frankfurt, Munich; free market in Stuttgart, free market in Hamburg, free market in Dusseldorf, free market in Hannover; open market in Berlin, Tradegate

[ source: http://www.pressetext.com/news/20191220046 ]