Electronics For Imaging today reported that Hatteras, a family-owned printing business with locations in New Jersey and New York, will be one of the first businesses to install the high-volume, 3.2-meter EFI VUTEk HS125 Pro hybrid roll/flatbed inkjet press. The company, founded in 1983 and employing 290, operates a production facility consisting of offset, digital and superwide format printing, primarily serving pharmaceutical and high-end retail customers. The new press being installed is the company’s third VUTEk acquisition in 18 months. “The addition of the HS125 gives Hatteras an extremely well-rounded arsenal of printers that enables to us to deliver with the speed and quality that our customers require,” says Bill Duerr, Hatteras’s president.
•Order gains in service and packaging and security printing
•Well filled project pipeline in all business fields
•6.2% growth in revenue
•Full capacity utilisation thanks to high order backlog
•Q1 earnings close to last year’s level despite growth expenses
•Equity ratio of 37.5%
•Guidance for 2019: revenue growth of around 4% and an EBIT margin of around 6% in the group
2019 started well for the Koenig & Bauer group, posting a double-digit increase in order intake in the first quarter year-over year to €276.4m. This strong growth, which exceeded the industry average, was underpinned by significantly more orders for services and for folding carton, direct glass and security printing presses. At €230.7m, revenue exceeded the previous year’s figure by 6.2%. EBIT was still slightly in negative territory due to the low revenue level, coming to –€2.8m despite high market-entry and growth-related expenses, and was thus not far off the previous year’s figure of –€1.9m. At –€4.9m, group net earnings in the first quarter of 2019 translate into earnings per share of –€0.30.
In addition to good service orders, the substantially higher orders for packaging printing presses caused order intake in the Sheetfed segment to rise by 12.4% to €173.5m. Revenue increased slightly by 1.8% to €113m. The good order backlog of €250.5m ensures continued high capacity utilisation. At –€3.1m, EBIT was below the previous year’s figure (€0.4m) due to the product mix and the costs arising in connection with the Print China trade fair.
Despite the strong growth in service business, orders in Digital & Web came to €31.9m, thus falling short of the previous year’s figure of €45.2m due to lower orders for newspaper and flexible packaging printing presses. At €32.4m, revenue remained at the prior year’s level. The previous year’s figure of €32.5m had been spurred by high service revenue due to large press relocations. At –€5.6m (–€4.5m in the previous year), EBIT was burdened by market-entry and growth-related expenses. At €85.4m, order backlog and capacity utilisation are at a high level.
More orders for services and presses for security printing and direct glass decorating caused order intake in the Special segment to rise by 37.7% to €80m. Revenue climbed by 20.8% to €92.8m. At €331.7m, the order backlog at the end of March was 6.2% higher than it had been twelve months earlier. Following a segment profit of €3.8m in the previous year, EBIT came to €2m in the first quarter of 2019.
more detail at: https://us.koenig-bauer.com/news/details/article/koenig-bauer-with-102-higher-order-intake-2/