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

Positive cash flow
Cash flows from operating activities surged to €88.6m from €41.5m twelve months earlier. An increase in customer down payments and a drop in trade receivables more than compensated for the liquidity tied up in bigger inventories for imminent shipments. The free cash flow swelled from €35m to €73.5m, while funds increased to €183.8m from €134m at the end of last year.