Koenig & Bauer publishes its Q1 report 2020
Whereas Koenig & Bauer was able to achieve a sound group order intake of 271.5m in the first quarter of 2020, the coronavirus pandemic, which has been spreading rapidly since January, has already had a considerable impact on revenue and earnings. With group revenue 25.3% lower than in the prior year at 172.4m, EBIT was -34.9m. Restrictions especially in travelling initially imposed in China and then gradually in many parts of the world are having a significant impact on order and project processing for the delivery, assembly and installation of the machines at our international customers.