Koenig & Bauer Group reported earnings results for the first half-year of 2016. For the quarter, the company revenue increased over the same period by 29.7% to €553.9 million and order backlog rose 7% to €639.8 million. EBIT improved to €20.7 million compared to the prior- year loss of €8.3 million. A slightly negative interest result of €2.9 million led to a group pre-tax profit (EBT) of €17.8 million. After deducting income tax expenses, group net profit came to €17.2 million compared to €9.3 million in 2015. This corresponds to earnings per share of €1.05 compared to loss per share of €0.55 a year ago. The negative free cash flow stood at €14.4 million, compared to €25.2 million twelve months ago.

For the year, the management board is targeting a rise in group revenue above its initial planning to between €1.1 billion and €1.2 billion as well as an increase in the EBT margin to around 4%.