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

Export level eases to 84.1 percent
While domestic sales were virtually unchanged at €48m (2007: 48.3m), the export level declined from 88.3 percent to 84.1 percent following a substantial slide in shipments to North America, where a weak economy, a credit squeeze and a virtual moratorium on investment by newspaper publishers precipitated a slump to an historic low of just 5 percent of group sales. The rest of Europe accounted for 60.7 percent of the group total, followed by Germany (15.9 percent), Asia and the Pacific (15.1 percent) and Africa/Latin America (3.3 percent).