Koenig & Bauer AG Quarterly Report: Orders Up, Turnover Down

As in the years 2004 to 2006, group sales fell well short of the prior-year figure (€301.7m, compared to €414.2m). While sheetfed sales of €144m were just 8 percent lower than in 2007 (€156.6m), sales of web and special presses slid by more than a third, from €257.6m to €157.7m. This is because most web presses will not ship until the second half of the year. As KBA president and CEO Albrecht Bolza-Schünemann put it: “accounting schedules have no bearing on shipping schedules.”