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

Management reaffirms projections for 2008
On KBA’s prospects Bolza-Schünemann says: “Looking beyond the unsatisfactory first-quarter sales and earnings, and notwithstanding the economic, currency and commodity-related risks our group is facing, we stand by the targets we stated in late March of around €1.6bn in sales and a pre-tax profit on a par with 2007 (€63.2m). The outlook for the second half-year will be much clearer once the figures for drupa, a key industry event, have been assessed, and we shall be informing shareholders at the AGM on 19 June.”