Strong shareholder approval of company strategyMay 9, 2018
In addition to a presentation by president and CEO Claus Bolza-Schünemann outlining the company’s performance in 2017 and the first quarter of 2018, details of the growth strategy being pursued and medium-term earnings targets of printing press manufacturer Koenig & Bauer AG played a key role at the company’s 93rd annual general meeting, which was presided over by supervisory board chairman Dr Martin Hoyos. In the absence of any material deterioration in global economic and political conditions for the international business, the management board expects to achieve organic growth of around 4% in group revenue and an EBIT margin of around 7% in 2018. With its targets for the current financial year Koenig & Bauer is on track to achieving its EBIT margin target of 9% and an organic revenue growth rate of around 4% p.a. by 2021.
Alongside the gains achieved in service and packaging markets, at the annual general meeting held at the Vogel Convention Center (VCC) in Würzburg Claus Bolza-Schünemann highlighted the company’s good progress with product innovations as additional profitable growth beyond its medium-term goals. Focus is on the large and significantly growing market for direct printing on corrugated board and two-piece can decorating: “With new and further developments, we focus on products and services for the growth markets of packaging, digital and industrial printing, allowing our customers to unlock added value via a sustainable business model. We are increasingly placing store by the “Internet of Things” and proactive service offerings based on an analysis of customers’ specific press and production data. We are committed to achieving the utmost customer satisfaction and long-term customer loyalty through higher customer benefits of our innovative and tailor-made high-tech products and services.”