Koenig & Bauer AG Financial Statements For 2011

President and CEO Claus Bolza-Schünemann said: “We are working at full stretch to boost our performance on a sustainable basis and defend our position as the world’s no. 2 press vendor through innovation, process optimisation and strategic market decisions. We are also busy stepping up our activities in the packaging sector and broadening our commitment beyond sales and service in China, a major growth market. As well as driving growth by upgrading, streamlining and expanding our product palette, we are beginning to reap the benefits of the capacity adjustments we have made and the initiatives we have introduced to trim manufacturing costs. There is good reason to hope that, in the medium term, ongoing consolidation in the sector will help to eliminate overcapacity among suppliers and lead to more disciplined pricing in the marketplace. KBA is a solidly financed press manufacturer with a technologically advanced and uniquely diverse portfolio for a range of applications. So we are well poised to emerge with confidence from the current wave of industry consolidation.”