Koenig & Bauer News Feed https://www.koenig-bauer.com/ en Koenig & Bauer AG Sat, 08 May 2021 13:16:17 +0200 Sat, 08 May 2021 13:16:17 +0200 news-1980 Tue, 04 May 2021 06:43:00 +0200 Koenig & Bauer continuing on its recovery trajectory with its figures for the first quarter of 2021 – strong order intake with double-digit growth in Sheetfed segment and improved earnings despite lower revenue http://iberica.koenig-bauer.com/en/news/detail/article/koenig-bauer-continuing-on-its-recovery-trajectory-with-its-figures-for-the-first-quarter-of-2021-strong-order-intake-with-double-digit-growth-in-sheetfed-segment-and-improved-earnings-despite-lower-revenue/
  • 5.3% increase in order intake, particularly underpinned by double-digit growth in the Sheetfed segment
  • Covid-19-induced decline of 7.8% in Group revenue – but better than the industry average of a 13.5% drop according to VDMA
  • P24x efficiency programme spurring earnings, €8.1m improvement in EBIT despite lower revenue
  • With a positive free cash flow of €22.1m, return to pre-Covid-19 net financial position
  • The Koenig & Bauer Group (“Koenig & Bauer”) entered 2021 on a strong note, posting a 5.3% increase in order intake over the previous year to €286.0m. This was particularly due to a double-digit increase in orders in the Sheetfed segment, of which around 60% can be attributed to the sharp growth in the more pandemic-resistant packaging printing market. This enabled Koenig & Bauer to additionally expand its position in the market for sheetfed offset presses for packaging printing.

    As Dr Andreas Pleßke, the CEO of Koenig & Bauer AG, explains: This favourable order intake shows us that our customers’ spending reticence is beginning to dissipate in many areas. Nevertheless, some new investments are being postponed due to the uncertainty surrounding the Covid-19 pandemic. This mainly concerns digital decor and corrugated board printing as well as metal decorating, although we are still seeing noticeable interest on the part of our customers, and corrugated board printing, for example, is likely to experience a considerable boost over the next few years given the growth in e-commerce business. The end markets that we address and particularly also the structurally growing packaging printing segment, e.g. for food, cosmetics and pharmaceuticals, are fundamentally intact. In banknote printing, current market indicators such as the project pipeline and production figures point to a continuation of the robust business environment. Accordingly, we still see our proven broad product range as appropriate for achieving our goals and are convinced that we will strengthen and further expand our market position not only in the area of packaging printing.”

    At €243m, Group revenue was 7.8% down on the previous year’s figure due to the impact of Covid-19. However, the decline in revenue was less pronounced than the 13.5% drop in industry-wide revenue from sales of printing presses registered by industry association VDMA. Service business accounted for about 29% of the Group’s revenue in the first quarter of 2021 against the backdrop of the pandemic. This means that the target of 30% for Group service business was almost reached, albeit on the basis of lower new press business than in the previous year.

    Despite the lower Group revenue, earnings before interest and taxes (EBIT) reached -€8.9m, compared with -€170m in the same quarter of the previous year. The improvement of around €8.1m despite the negative volume and margin effects is mainly due to the P24x efficiency programme and reduced functional costs as well as the use of short-time work. As a result, the EBIT margin improved from -6.4% to -3.7% in the first quarter of 2021. Group net loss shrank from -€19.1m in the previous year to -€11.7m, translating into earning per share for the period of -€0.72 (previous year: -€1.16).

    With machines from Koenig & Bauer, the full diversity of printed products becomes visible - not just in packaging

    Segments painting a mixed picture – Sheetfed with double-digit increase in order intake

    The individual segments were affected to differing degrees by the fallout from the Covid-19 pandemic in the first quarter of 2021.

    In the Sheetfed segment, order intake in particular was very favourable in the first quarter of 2021 thanks to growth in the orders for large-format sheetfed offset presses and parts of the post-press range for example, rising by 20.6% to €193.1m. More than 60% of the orders were attributable to the packaging printing market, which is also growing during the Covid 19 pandemic and, for example, includes folding cartons and labels. At €145.5m, revenue remained at the previous year’s level. The order backlog grew by 23.6% to €379.7m. EBIT climbed to -€3.1m (previous year: -€4.3m), translating into an EBIT margin of -2.1% (previous year: -2.9%).

    Order intake in the Digital & Webfed segment was heavily impacted by the Covid-19 pandemic in the first quarter of 2021. Growth in flexo presses for flexible packaging was unable to make up for lower orders for web offset presses. Customers’ pandemic-related reluctance to invest in digital decor and corrugated board printing was also reflected in a 46.1% decline in order intake to €23.5m. The order backlog contracted from €99m to €60.6m. At €30.5m, revenue remained almost at the previous year’s low level and had a material impact on EBIT, which came to -€4.3m (previous year: -€5.6m). The EBIT margin improved to -14.1%, compared with -17.4% in the previous year.

    At €73.4m, order intake in the Special segment was virtually unchanged over the previous year. Orders registered by Banknote Solutions (banknote and security printing) and Kammann (direct decoration of hollow bodies made of glass, plastic and metal) were higher. On the other hand, there was a decline in order intake at MetalPrint (metal packaging). With respect to Coding (coding solutions for all industries), new business remained stable compared with the same quarter of the previous year. The order backlog dropped to €237.5m in the quarter under review. Despite the €18.2m decline in revenue, EBIT improved from -€4.5m to -€3.9m, with the EBIT margin reaching -5.3%, compared with -4.9% in the previous year.

    Significant improvement in cash flow due  reduction also in net working capital and lower net financial position against the backdrop of Covid-19

    Both the cash flow from operating activities and free cash flow increased significantly over the same quarter of the previous year and also compared with the end of 2020. The cash flow from operating activities came to €27.8m, while free cash flow improved to €22.1m also due to the reduction in net working capital. Moreover, net financial debt was lowered significantly to €-26.0m (31 March 2020: €-40.7m; 31 December 2020: €-47.1m) despite the protracted global Covid-19 pandemic. With freely available funds of more than €250m and a slightly higher equity ratio of 26.0% as of 31 March 2021, the Group is financially well positioned.    

    Dr Stephen Kimmich, CFO of Koenig & Bauer AG: “The order backlog, which has again risen by around 7% compared with the end of the year to more than €670m, provides a solid basis for the growth that we are planning for the Koenig & Bauer Group in 2021. With the efficiency measures under P24x, we have also laid important foundations for improving our profitability. In the first quarter of 2021, we were again able to successfully implement further measures, and this should already allow us to break even at the EBIT level in 2021. After the completion of the four-year efficiency programme, we hope to achieve revenue of €1.3bn and an EBIT margin of at least 7% and to reduce net working capital to a maximum of 25% of annual revenue. In the first quarter of 2021, we came a further step closer to achieving this goal through active net working capital management.”

    The financial statements can be downloaded as a PDF file from here

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    news-1971 Fri, 30 Apr 2021 07:28:00 +0200 Rapida 106 X with fully automatic plate logistics at Krüger Druck+Verlag http://iberica.koenig-bauer.com/en/news/detail/article/rapida-106-x-with-fully-automatic-plate-logistics-at-krueger-druck-verlag/
  • Perfecting at speeds of up to 20,000 sheets per hour
  • Plate transport from the platesetter to the plate changers on the printing units
  • Significant enhancement of print quality and value creatio
  • Company owner Markus Weisgerber: “In combination with fully automatic plate logistics, the 20,000 sph Rapida perfector has enabled us to take a giant leap forward.” (1)

    Krüger Druck+Verlag, a full-service print provider based in the small town of Merzig in Germany’s Saarland, has been an active pilot user of the Rapida 106 X for several months now. Its eight-colour press in 3b format is configured for 4-over-4 perfecting, incorporates an additional inline coater, and is integrated into a fully automatic plate logistics system. With operating speeds of up to 20,000 sheets per hour – which also extends to perfecting – the Rapida 106 X now represents the backbone of the company’s production facilities.

    Markus Weisgerber, owner of the family-run business, explains the decision to invest in such a highly automated press: “The comprehensive automation features enable us to significantly increase our productivity and efficiency.” Faster makeready, reduced start-up waste, high production speeds and a fully digital workflow from the MIS through to the control console of the Rapida 106 X have allowed us to make major optimisations to the individual process steps. Other benefits are provided by inline colour control and sheet inspection with QualiTronic PDF. “The inline comparison of each printed sheet with the customer PDF has allowed us to measure the actual print quality for the very first time, instead of just the colour values,” as Weisgerber reports.

    The eight-colour Rapida 106 X with perfecting unit for 4-over-4 production and an additional inline coater is the new centrepiece of the printshop at Krüger Druck+Verlag (2)

    Automation also extends to peripheral production processes

    Krüger Druck+Verlag prints a large range of different flyers, folders, magazines, books and many other commercial products with either wire stitching or adhesive bindings. The run lengths for many of these products are on the decline, while, in contrast, page counts are simultaneously increasing and the demand for multiple versions and variants is continuing to grow, thereby making fast makeready a decisive advantage. The simultaneous makeready processes, however, make the Rapida 106 X virtually unparalleled in this regard. The modular PlateTronic plate logistics system, which links the platesetter directly to the plate changers on the individual printing units by means of a plate magazine with a capacity for 256 plates, represents another invaluable contribution to production automation.

    A code to identify each plate is added, which is then used to store each plate in the plate magazine as soon as it leaves the platesetter (3)

    A tried-and-tested method of identifying the plates is the use of a 2D code, which is automatically added to each plate as part of the platesetting workflow, and facilitates subsequent navigation to the respective printing unit. Interfaces to the MIS and to the console of the Rapida 106 X ensure reliable, correct and just-in-time delivery to the press by means of a conveyor system. The plate magazine makes a new plate available for transport to the Rapida approximately every 20 seconds. While one set of plates is waiting for an upcoming job changeover, another set can already be loaded using the press console. This allows the printer to see the actual plates for the next job, along with the console job list. Once a plate change has been completed, the old plates are removed to a central collection point – fully automatically and without manual invention.

    The PlateTronic plate logistics system features a fully modular in design, and can be adapted to the specific requirements of the respective print company using it. The system version installed at Krüger Druck+Verlag enables the printing of up to 20 jobs per hour with run lengths of around 300 sheets each. A job changeover occurs after approximately one minute of production. The press can continue alternating between printing and makeready for as long as necessary.

    The plate magazine holds up to 256 plates, which are subsequently transferred to the Rapida 106 X in accordance with the planned job sequence (4)

    Improved processes, higher print quality and more value creation

    Krüger Druck+Verlag has experienced a significant increase in its real net output ratio over the past years. Alongside the recent investments in the printshop, a new 3,000 m2 production building has been erected for the post-press department. It provides the space necessary for innovative systems and process upgrades. The company already works to PSO specifications, but is now taking its commitment one step further: the tolerances are up to 50 per cent lower than the ones defined in the standard. This gives customers additional assurance that they will receive absolutely flawless print products.

    Set of plates ready for changing (5)

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    news-1972 Thu, 29 Apr 2021 13:21:26 +0200 Jurgen Gruber Adds Responsibilities as Koenig & Bauer’s West Coast District Sales Territory http://iberica.koenig-bauer.com/en/news/detail/article/jurgen-gruber-adds-responsibilities-as-koenig-bauers-west-coast-district-sales-territory/ Jurgen Gruber, Koenig & Bauer (US) director of sales and service for digital and web, will be adding to his responsibilities in mid-May by managing the firm’s West Coast district sales territory for sheetfed sales. He will be replacing Marcus Schoen, who will be returning to Germany in a new position as the Koenig & Bauer key account manager for packaging sales.

    “Both Jurgen and Marcus have displayed exceptional leadership and expertise in helping Koenig & Bauer grow its status within the printing industry,” says Kilian Renschler, Koenig & Bauer (US/CA) president and CEO. “We believe that Jurgen will work closely with our established and prospective customers on the West Coast, helping them grow their businesses. We also appreciate the committed sales, service, and accomplishments that Marcus has provided for nearly 25 years here in the U.S. and wish him all the best as he undertakes his new position.”

    (Left to right) Jurgen Gruber will be taking over the West Coast sheetfed sales territory of Marcus Schoen, who will be returning to Germany as the Koenig & Bauer key account manager for packaging headquartered at the sheetfed offices in Radebeul

    Gruber has proven to be a strong sales and customer service advocate in North America. He joined Koenig & Bauer three years ago in which he oversees the sales of the CorruCUT high board line rotary die cutter and RotaJET digital printing press as well as the web service group. In his new position, he will be overseeing key sheetfed accounts in California, Oregon, Nevada, Utah, Colorado, Arizona, and New Mexico.

    “I look forward to working closely with Koenig & Bauer’s customers on the West Coast,” says Gruber, who has more than 30 years experience in the industry. “I enjoy consulting with customers on the best possible press or post-press configuration for their market. Marcus has introduced me to his customers and I look forward to sharing my deep knowledge of printing to help our customers gain efficiencies, increase their productivity, and grow their businesses. At the same time, I’ll still be able to continue to work closely with our corrugated, digital, and web customers.”

    Schoen has been a life-long employee of Koenig & Bauer. He was born and raised in Germany where he took his first job in 1992 with Koenig & Bauer in the factory learning the intricacies of the firm’s press line. He moved to Southern California in 1997 with Koenig & Bauer to work as its nationwide service technician and product manager inspecting recently installed presses. In 2005, he was named as the new Koenig & Bauer West Coast district sales manager.

    “We believe that Jurgen is the best person to consult with our existing and potential customers in this region and demonstrate our entire broad line of highly-technological printing presses and post-press equipment,” says Renschler. “In his current position, he has shown an innate ability to work closely with customers and work as a consultant to help them build their businesses as a partner with Koenig & Bauer.”

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    news-1965 Thu, 22 Apr 2021 07:14:00 +0200 Omega Allpro 145 in production at Tianjin Haishun Printing & Packaging http://iberica.koenig-bauer.com/en/news/detail/article/omega-allpro-145-in-production-at-tianjin-haishun-printing-packaging/
  • High level of production automation
  • Productivity increases by 300 per cent
  • Opportunities for continued strategic business growth
  • Certified and award-winning production
  • Last year, Tianjin Haishun Printing & Packaging Co., Ltd., which is based in the Chinese city of Tianjin, started up its first fully automatic folder-gluer for cartons featuring special forms. The Omega Allpro 145 supplied by Koenig & Bauer Duran produces straight-line, crash-lock and double-walled cartons, as well as six-corner cartons and special packaging for fruit and for clothing. The machine reduces the intensity of work, and has given the level of production automation a significant boost.

    The Omega Allpro 145 has allowed daily output from the folder-gluer to increase to up to 50,000 folding cartons. In the past, production generally totalled anything from 12,000 to 15,000 cartons per day. In other words, production volumes have increased by around 300 per cent, even though staffing levels remain unchanged. The company has also become more flexible, as the machine has opened the door to new markets, has shortened turnaround times, saves storage costs, and offers opportunities for new strategic growth in the business.

    The Omega Allpro 145 has boosted the production capacity for folding cartons by more than 300 per cent (1)

    Higher level of sheetfed offset automation as well

    Now that Tianjin Haishun is using the Omega Allpro 145 for production, it is now also using post-press equipment from Koenig & Bauer for the first time. The company has been using sheetfed offset printing presses from Radebeul ever since the company was founded 18 years ago. The current line-up encompasses nine presses from the Rapida 105, Rapida 106 and Rapida 145 series – the majority of them feature coating facilities and pile logistics, and a number also boast special features such as a reel-to-sheet feeder, perfecting unit, UV accessories, and highly automated FAPC or SPC plate changers.

    Tianjin Haishun has grown into a highly advanced, fully integrated print company. Its employees, who number almost 1,000, work on a production floor extending across 50,000 m2. The company generates a turnover of more than RMB 700 million (approx. €90 million). Alongside packaging for foods, pharmaceuticals, beauty products, FMCGs, clothing and electronics, the company portfolio also includes hardcover and paperback books, calendars, stickers and many other commercial products.

    Modern production facilities and state-of-the-art equipment enable Tianjin Haishun Printing & Packaging to attract customers both at home and abroad (2)

    Export markets as far afield as Europe and America

    Tianjin Haishun is now able to deliver its products and services to customers all over China from the Tianjin Binhai New Area, which has the largest port in North China and is in close proximity to the Beijing metropolitan area. At the same time, exports are regularly shipped to overseas markets, for example South Korea, Europe and the United States. Tianjin Haishun is widely respected as a reliable and solid industrial partner.

    The company has been awarded all the usual certifications, including certifications to ISO 9001, ISO 14001 and OHSAS 18001, and has received multiple awards for its work, including the China Print Awards, the Package Star Award and the Green Printing Special Award.

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    news-1963 Tue, 20 Apr 2021 08:35:49 +0200 Predictive maintenance successfully introduced in the newspaper and commercial market http://iberica.koenig-bauer.com/en/news/detail/article/predictive-maintenance-successfully-introduced-in-the-newspaper-and-commercial-market/
  • Predictive maintenance
  • Thorough testing with 20 pilot users
  • Enhanced availability and transparency
  • Predictive maintenance adds a further layer to the service concept
  • Koenig & Bauer has successfully launched its predictive maintenance services for printing press owners in the newspaper and commercial web market.Various workflows have been elaborated and implemented in close cooperation with more than 20 pilot users from the newspaper and commercial segments. The objective of predictive maintenance is clearly defined. “We use the information contained in already existing press data for automated analyses. This makes it possible to identify and rectify potential problems before they occur,” says Thomas Potzkai, head of service at Koenig & Bauer.

    Service managers are provided with full details of the situation on a given press. On this basis, arrangements can be made for remote maintenance interventions or service calls, as necessary. A technician subsequently rectifies the fault within the framework of a scheduled assignment, averting the risk of unplanned stoppages. Any necessary downtime is scheduled for an already production-free period. The customer benefits from greater production reliability and increased press availability.

    Koenig & Bauer has successfully launched its predictive maintenance services for printing press owners (1)

    It is possible to assess a wide range of press components, for example the plate changers, the reel stands, or the hydraulic clamping and lubrication systems. Predictive maintenance applies artificial intelligence methods, such as rule mining or machine learning, to enable precise and automated real-time analysis of the press data. Even otherwise hidden processes and interactions of components or internal networks on the press line are subjected to systematic evaluation.

    One of the first new customers was WE-Druck from Oldenburg in the north of Germany. Three years ago, the company invested in a new Commander CL from Koenig & Bauer. Margit Schweizer, senior manager at WE-Druck: “Predictive maintenance gives us peace of mind. We cannot afford sudden stoppages and unscheduled downtimes. Our customers expect us to deliver top quality within the agreed deadlines.”

    Predictive maintenance adds a further dimension to the Koenig & Bauer service concept (2)

    Predictive maintenance as part of the overall concept

    Predictive maintenance adds a further dimension to the Koenig & Bauer service concept. Together with spare parts, Visual PressSupport, ad-hoc service calls and a whole program of remote and preventive services (periodic maintenance and inspection), Koenig & Bauer is able to offer its press customers the best possible support. In addition to Koenig & Bauer’s newspaper and commercial web offset presses, the single-pass digital press RotaJET and presses of the CorruJET, CorruCUT and CorruFLEX series also benefit from predictive maintenance. Similar services are also available for presses supplied by the other business units of Koenig & Bauer. 

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    news-1961 Mon, 19 Apr 2021 11:50:37 +0200 We print your world http://iberica.koenig-bauer.com/en/news/detail/article/we-print-your-world-1/
  • Participation in the first virtual edition of the industry's leading trade fair
  • Live stream on packaging workflow from a single source
  • Digitisation as added value for the print world
  • VariJET106 for digital folding carton printing demonstration
  • Koenig & Bauer will be taking part in virtual.drupa with several live sessions. The press manufacturer will be presenting its packaging workflow and intelligent digitisation solutions, among other highlights. Together with joint venture partner Durst, the VariJET106 press for digital folding carton printing will also be seen in action for the first time. The completely virtual edition of the industry's leading trade fair will take place from 20 to 23 April 2021.

    The focus of the virtual trade fair appearance is packaging production. Folding cartons, corrugated board or films - Koenig & Bauer has suitable press solutions for various applications in its portfolio. The workflow for folding carton production can be seen live at virtual.drupa. The entire workflow, from printing and die-cutting to gluing, is carried out on Koenig & Bauer presses: the Rapida 106 X, the CutPRO X 106 and the Omega Allpro 110.

    Live in action at virtual.drupa: The new Rapida 106 X

    Visitors will also be able to gain an insight into packaging and decorative printing with the RotaJET single-pass digital press and flexo printing for short and medium runs with the Evo XC. In the segment of corrugated printing and converting, Koenig & Bauer will be presenting the CorruJET, CorruCUT and CorruFLEX at virtual.drupa.

    Koenig & Bauer will be giving a presentation on how networked machines, the use of artificial intelligence and other data-based services can help printers make their processes even more efficient.

    The new VariJET 106 for digital folding carton printing will be printing live for the first time. The hybrid press from the Koenig & Bauer Durst joint venture integrates the proven Durst inkjet technology into the platform of the Rapida medium-format presses.

    "We would have loved to meet our customers in person," emphasises Dagmar Ringel, head of corporate communications and marketing at Koenig & Bauer. “But after the postponement of drupa last year, the coronavirus pandemic in 2021 still calls for alternative ways of product presentations, discussions and sharing knowledge in the industry. "With our live demo, a lecture and a panel discussion, our experts will bring a bit of the atmosphere of the real trade fair to the screen."

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    news-1953 Fri, 09 Apr 2021 09:44:00 +0200 Gruppo Fanti Goes Green http://iberica.koenig-bauer.com/en/news/detail/article/gruppo-fanti-goes-green/
  • Most environmentally friendly technology available today
  • 90% less electric power in comparison with classic UV
  • Increasing number of UV-LED metal decorating lines
  • An increasing number of metal decorators are deciding for green UV-LED curing on their new MetalStar 3 and Mailänder 280 metal decorating lines. Starting some 5 years ago at Litoprint in South Italy, Koenig & Bauer MetalPrint meanwhile has installed seven lines of this kind in Italy alone, giving a share of almost 50% of all 15 new printing lines supplied to this regional market since 2016.

    One fantastic example is the state-of-the-art six-color MetalStar 3 with trailing inline MetalCoat 480 Anilox coater with complete UV-LED curing for both the printing and the overvarnishing process, which was commissioned last year at Gruppo Fanti in Bologna. After a thorough evaluation Gruppo Fanti opted for the UV-LED curing system to be supplied by Italian PrintabLED s.r.l

    UV-LED and inline coater MetalCoat 480 at Gruppo Fanti (1)

    Luca Fanti, Technical Manager at Gruppo Fanti, explains: “For our new production lines to be installed in our brand new factory building in Bologna we were looking for the most efficient and reliable technology available today. Being a loyal customer to Koenig & Bauer MetalPrint since decades, it became clear rather quickly that our new metal decoration lines will consist of a MetalStar 3 printing press and a MetalCoat 480 inline coater for printing and overvarnishing and a separate coating line with a MetalCoat 483 and a famous LTG thermal curing oven with fully integrated EcoTNV air purification system for lowest possible gas consumption and CO2 emissions. For the 6-colour metal decoration line we were in parallel looking for a modern, energy efficient and green production process. The UV-LED curing system attracted our attention due to their economic and ecological benefits. Beside a drastically reduced demand of electric power – 90% less in comparison to the classic UV mercury system on our older MetalStar 2 line – and the unnecessity of a high voltage installation, we became convinced by the avoidance of any expensive heat and ozone extraction from the printing press and the elimination of mercury UV-lamps which are a hazard to our environment.”

    MetalStar 3 six-color metal decoration press at Gruppo Fanti (2)

    The six-color MetalStar 3 metal decoration line at Gruppo Fanti is equipped with all available and unique features such as DriveTronic SIS sidelay-free infeed for gentle sheet positioning at highest possible accuracy without any need for operator intervention, DriveTronic SRW and CleanTronic Synchro for parallel washing of rollers, blankets and impression cylinders, FAPC fully automatic plate change, and many more. On top, there are the latest automation features installed such as DecoStar inline camera inspection and DensiTronic Professional color and density control. As all MetalStar 3 presses, the line at Fanti also is equipped with LogoTronic Professional for comprehensive job data management and integration of the printing press into the central MIS including CIPlink data exchange to the prepress workplace. All these features finally bring “Industry 4.0” to metal decoration and guarantee unrivaled stability and reliability to the printing process at the highest quality level together with incredibly short change over and set-up processes for the most flexible operation in times where print volumes per design become shorter and shorter.

    MetalStar 3 ErgoTronic operation console (3)

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    news-1950 Wed, 07 Apr 2021 08:31:18 +0200 Carlson Print Group Makes Major Advancements In Premium Packaging Market With New Koenig & Bauer Rapida 105 PRO Six-Color Press http://iberica.koenig-bauer.com/en/news/detail/article/carlson-print-group-makes-major-advancements-in-premium-packaging-market-with-new-koenig-bauer-rapida-105-pro-six-color-press/
  • Opening new doors to even more high-end packaging opportunities
  • Seeing a minimum 25% reduction in make-ready time for increased productivity
  • Meeting its environmental and sustainable goals with the addition of energy saving LED-UV lamps
  • During the past year, consumer brand packaging designers have worked harder than ever to design packaging that is immediately recognizable, impossible to ignore, and engages with their customers. These designers have tapped into the expert knowledge and productivity at the Carlson Print Group, a pioneer of specialty print products, packaging solutions, and finishing technologies headquartered at its 74,000 sq ft facility in Eden Prairie, south of Minneapolis. It is utilizing its new Koenig & Bauer Rapida 105 PRO press as its centerpiece work-horse machine, providing its exceptional customers with the definitive advantage of high quality, color consistency, embellishments, speed and quick changeovers.

    “For decades, we’ve cemented our reputation as an elite printer for the most recognizable brands,” says Carlson Print Group chief executive officer Darren Carlson. “Now we are taking that experience and moving quickly into the premium packaging market. Equipped with our new Rapida 105 PRO, we’re partnering with the finest brands around the world that have the highest expectations. The press, which is exceeding our requirements and displaying its many unique capabilities, is being specifically used for its efficiency and productivity, allowing our customers to get their high-end packaging jobs completed quickly to market.”

    Internally, Carlson is quite pleased with its press data that quantifies the benefits its customers have received. “We’ve gained 35% more capacity with our Rapida 105 PRO,” says Guinter, “and 30% productivity gains. We’re also seeing a minimum 25% reduction in make-ready time as compared to our prior press.”

    The Rapida 105 PRO press is playing a key role in producing these attention-grabbing and inventive packages. Carlson Print Group is a trusted advisor to these well-known brands, ensuring that their package printing is delivered quickly to market with more customized messaging and solving their unique packaging challenges with expert solutions. “We’re finding that the Rapida 105 PRO is opening doors to even more high-end packaging opportunities and expanding our high value print products for all of our customers’ brand marketing,” says Earl Guinter, Carlson’s sales manager.

    To market its growing services, Carlson designed a Specialty Print Kit to inspire package designers and highlight its numerous capabilities. Its outer box displays Carlson’s Colour Foil treatment with Matte varnish and UV spot gloss coating. Inside are six tools: foil board, MotionCoat, recycled plastic-PE, Cast & Cure, soft touch, and Colour Foil. Each one displays the amazing capabilities offered by Carlson and its Rapida press.

    Vosges Haute-Chocolat, a worldwide luxury brand of chocolate with limited edition collections all packaged in its signature purple boxes, has partnered with Carlson to produce its eye-catching labels and packaging. ​Vosges, like other chocolatiers, premium confectioners, and boutique snack purveyors, needs to stand out in the market using high-quality packaging, unique designs, vibrant colors and specialty print techniques. While its package keeps the premium chocolate bar safe and delicious for its consumers, the box and label serve as the most important advertisement for the firm itself.

    Carlson Print Group is utilizing its new Koenig & Bauer Rapida 105 PRO to produce its popular new marketing tool: a Specialty Print Kit that will inspire package designers and highlight its numerous capabilities

    Press is a “game-changer”

    Carlson is using its “game-changing” Rapida press to produce true color and brand consistency for customers like Vosges. It has the capability to create and print on a variety of high-end, food-safe boxes, using eight specialty print techniques. These include holographic effects and lenticular graphics, which give an impression of depth and movement, or metallic foils, which add a knockout element to every color on an image. Coatings and varnishes have a universal appeal in print and packaging. Coatings create a tactile experience, and some can convey specific sensations.

    Carlson purposely equipped with the press with a trio of superior color control systems — ErgoTronic Color Control, ErgoTronic LAB, QualiTronic Color Control — to ensure superior color consistency from the beginning of their production run to the end. These systems also give Carlson the ability to measure print quality and execute automatic color correction with QualiTronic ColorControl inline measuring equipment. This new holistic color control is ideal for ensuring perfect customer press checks.

    When iam8bit, a creative production company that works with brands like HBO, Nintendo, PlayStation, and Disney, approached Carlson with an important premium packaging assignment, it sought to replicate the retro trappings and all-important custom dust cover for its legacy cartridge collection for The Lion King.

    Another customer praised Carlson for its “ability to produce everything from ultra-small runs with exceptional quality has been such a benefit since the new press was installed. The detail and consistency gained over large multi versioned runs has been a game changer for us as some of our pieces are quite involved and need the most accurate print application to achieve the look we require.”

    With greater capacity and the need for faster turnaround, the Rapida 105 PRO was able to turn work quickly due to its LED-UV lamps for fast drying speeds. This has allowed Carlson to accept those “I got to have it yesterday” jobs without interrupting the print schedule.

    “Our new Rapida 105 PRO press is playing a key role as we move deeper into the packaging market,” says Carlson. “We’re excited to see what designers and brands will bring us to produce their bold, unique printed packages.”

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    news-1947 Thu, 25 Mar 2021 10:24:38 +0100 Expansion of the Customer Technology Centre http://iberica.koenig-bauer.com/en/news/detail/article/expansion-of-the-customer-technology-centre/
  • Growth market for flexible packaging
  • Increased world market share
  • Evo XD 8 combines versatility and reliability
  • Expansion of the Customer Technology Centre
  • The Customer Technology Centre (CTC) in Würzburg is looking forward to the unveiling of a further showpiece to join its existing RotaJET single-pass digital web press. Starting in April, an Evo XD 8 will be available to present the printing of flexible packaging to visiting customers.

    Koenig & Bauer executive board member Christoph Müller says: “With this new press, we are now able to arrange individual and customer-specific print demos for our customers here in Würzburg – either virtually or in person.”

    The Evo XD 8 which is being installed at the company headquarters is a highly automated and full-featured CI flexo press with internal web turning and an inline cutting system ahead of the rewinder. It provides for a printing width of 1270 mm and reaches production speeds of up to 500 m/min. A variety of plastic films and papers up to 150 g/m² can be printed with water-based inks. Consistent automation paired with a robust and ergonomic design is the key to exceptional performance in terms of both quality and productivity. 

    „With the additional demo machine Evo XD in the heart of Europe, Koenig & Bauer is underlining its ambitions in the constantly growing flexo market", says Luigi Magliocchi, CEO of Koenig & Bauer Flexotecnica.

    The Evo XD 8 will be ready and waiting for customer visits from April

    Evo XD for the flexible handling of high-quality print jobs

    The CI flexo press from the successful Evo XD series is suitable for printing with solvent- and/or water-based inks on a broad diversity of substrates such as plastic films, very thin and sensitive “breathable” LDPE or laminated materials, as well as papers. It offers ultimate flexibility for the most varied packaging applications and incorporates particularly efficient drying systems. The press uses modules of the current Evo series and was designed for fast job changes, low makeready waste and high productivity even with short to medium runs. Automatic impression setting with PrintTronic, the highly efficient “Speedy Clean” washing function and an integrated 100% image inspection system, alongside SmartRegister functionality, ensure fast production start-ups and continuous quality control.

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    news-1943 Wed, 24 Mar 2021 07:30:00 +0100 With a solid order backlog of more than €630m Koenig & Bauer expects to achieve organic revenue growth of around 4% and break even at the EBIT level in 2021 http://iberica.koenig-bauer.com/en/news/detail/article/with-a-solid-order-backlog-of-more-than-eur630m-koenig-bauer-expects-to-achieve-organic-revenue-growth-of-around-4-and-break-even-at-the-ebit-level-in-2021/
  • Covid-19-related declines in order intake and revenue in 2020
  • Order intake and revenue significantly better than the industry average
  • Despite the impact of the pandemic, there were clear signs of a recovery in operating profit after the deep traces left in Q1 2020
  • Organic revenue growth of approx. 4% and break-even at the EBIT level projected for 2021
  • Measures under the “P24x” efficiency programme successfully initiated, provisions exerting pressure on EBIT in 2020
  • Medium-term targets confirmed: revenue of €1.3bn with an EBIT margin of at least 7%
  • The Koenig & Bauer Group (“Koenig & Bauer”) achieved revenue of €1.0bn in 2020 (2019: €1.2bn) despite the challenges posed by the Covid-19 pandemic. The 17.4% decline in revenue reflects the measures adopted by governments worldwide in 2020 to halt the spread of the Covid-19 pandemic. Travel restrictions in particular hampered international sales activities as well as order and project execution. Service business accounted for about 30% of the Group’s revenue in 2020 against the backdrop of the pandemic. This means that the target of 30% was reached, albeit on the basis of lower new press business than in the previous year. The 14.6% decline in order intake to €975m (2019: €1.1bn) is also due to Covid-19-related constraints on global economic activity and customers’ reluctance to invest in view of reduced forward planning visibility. 

    However, the decline in Koenig & Bauer’s revenue and order intake in 2020 was much less pronounced than for the printing press industry as a whole (24.2% decline in revenue; 21.9% decline in order intake) according to figures released by industry association VDMA (German Machinery and Plant Manufacturers’ Association). Koenig & Bauer’s order backlog as of 31 December 2020 was valued at €632m, down 7.9% on the previous year (31 December 2019: €686m).

    Well equipped for the future: the Koenig & Bauer management team with Dr. Andreas Pleßke as the new board spokesman (1)

    Earnings before interest and taxes (EBIT) amounted to €-68m in 2020, compared to €70m in the previous year. In addition to the Covid 19-related decline in revenue, EBIT was adversely affected by non-recurring expenses of €58m in connection with the expanded “P24x” efficiency programme announced in autumn 2020. However, non-recurring income from the successful outcome of a legal dispute (€4m) and from the sale of a real estate asset in Frankenthal (€5m) had a positive effect on EBIT. Adjusted for these non-recurring effects, EBIT came to €-19m in 2020. Despite the effects of the pandemic, a clear quarterly recovery emerged in EBIT: after €-17m in the first quarter, operating loss before exceptionals was only in the single digits (€-7m) in the second quarter. In the third quarter it came close to reaching the break-even threshold (€-1m), while in the final quarter a slightly positive EBIT before non-recurring effects of €6m was achieved.    

    After net interest expense of around €6m (2019: €6m), Koenig & Bauer achieved earnings before taxes (EBIT) of €-73m in 2020, compared with €64m in the previous year. Tax expense came to €30m in 2020 (previous year: €12m). The higher tax expense in the year under review is primarily due to impairments of deferred tax assets on unused tax losses, which were not considered to be recoverable for the purposes of the preparation of a new integrated five-year plan.  The Group net loss of €103m (2019: Group net profit of €52m) translates into a loss per share of €6.27 (2019: earnings per share of €3.15).

    Dr Andreas Pleßke, Chief Executive Officer of Koenig & Bauer AG, explains: “Looking at order intake, we can see that the Koenig & Bauer Group held up better in the difficult year of 2020 than our industry as a whole. Despite all due caution given the still very uncertain economic conditions, we take this as a sign that we are focusing on the right end and future markets with our range of presses and services. For example, corrugated-board printing could experience a significant boost in the coming years given the growth in e-commerce. Packaging printing for food, cosmetics and pharmaceutical products, for example, is also proving to be an intact and growing market. Koenig & Bauer has expanded its Radebeul facility, turning it into a global customer experience centre to demonstrate the performance of our presses to customers in these sectors as effectively as possible. The customer experience centre presents networked solutions for packaging production featuring innovative printing technology, flatbed and rotary die cutters, folding-box gluers and fully automated material flows. We are convinced that we will strengthen and further expand our market position not only in the area of packaging printing.”

    Covid-19 also leaving clear traces on the individual segments

    At the level of the individual segments, the Covid 19-related burdens and the provisions recognised for the measures defined in the “P24x” efficiency programme were also clearly evident in the decline in order intake, revenue and EBIT in 2020. 

    That said, order intake in the Sheetfed segment declined by only a moderate 5.5%. In 2020, this segment achieved growth in medium- and large-format sheetfed offset presses and folding-box gluers, which were primarily ordered by customers in the packaging printing sector. In the fourth quarter, the Sheetfed segment recorded order intake of €178m, thus exceeding the previous year’s figure (Q4 2019: €166m).

    In the final quarter of 2020, the Digital & Webfed segment successfully commissioned the first CorruFLEX system for the production of high-quality printed packaging at corrugated cardboard printing company THIMM’s plant in Romania. This means that all three Corru models for direct corrugated-board printing have now been successfully placed on the market.

    In the Special segment, Banknote Solutions, Kammann and Coding reported lower order intake in 2020 in view of the effects of the coronavirus pandemic. MetalPrint, on the other hand, recorded an increase in order intake in 2020. 

    The new performance benchmark in industrial printing - the award-winning Rapida 106 X for packaging, commercial or label printing (2)

    Positive operating cash flow, solid equity base

    The Koenig & Bauer Group’s cash flow from operating activities turned positive in 2020, coming to €12m (2019: €-8m). The decline in inventories was the main reason for this positive performance. Net working capital fell from €349m in the previous year to €344m. Free cash flow improved significantly from €-52m in the previous year to €-24m in 2020.

    With an equity base of €342m (end of 2019: €433m), the Koenig & Bauer Group achieved a solid equity ratio of 25.9% (end of 2019: 30.6%). 

    Slight organic revenue growth and break-even at the EBIT level expected for 2021

    Despite the still limited forward visibility with respect to the impact of the Covid-19 pandemic on the Koenig & Bauer Group’s business environment and the travel restrictions currently in place in this connection, the Company anticipates slight growth in business in 2021. This projection assumes that progress made in vaccinations that also provide protection from the Covid-19 virus mutations will allow the restrictions to be lifted. 

    Against this backdrop, Koenig & Bauer projects slight organic revenue growth of around 4% to €1.07bn in 2021. On the earnings side, it expects to break even at the EBIT level in 2021 following the successful launch of the “P24x” efficiency programme and the planned savings effects.

    Implementation of the “P24x” programme will leave traces on free cash flow in 2021, resulting in a negative free cash flow in the mid double-digit millions.

    Dr Stephen Kimmich, CFO of Koenig & Bauer AG: “The order backlog of more than €630m provides solid underpinnings for our forecast for the Koenig & Bauer Group in 2021. With the efficiency measures under “P24x”, we have also laid important foundations for improving our profitability. In 2021, this should already allow us to break even at the EBIT level. After the completion of the four-year efficiency programme, we hope - as stated in autumn 2020 - to achieve revenue of €1.3bn and an EBIT margin of at least 7% and to reduce net working capital to a maximum of 25% of annual revenue.”

    The Annual Report can be downloaded as a PDF file from here. 

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