
The financial results season is upon us, and global press suppliers are attributing a booming drupa to strong earnings for 2016, with sales and orders representing a huge portion of revenue.
Press manufacturers Heidelberg and Koenig & Bauer Group (KBA) have credited a highly profitable drupa 2016 to their strong results, booking millions of euros worth of orders from the tradeshow.
KBA posted order figures to the tune of €352.5m – which it says only represents around a third of orders actually taken at drupa. It’s half year revenue also jumped by 30 per cent to €553.9m.
The press giant says the flow on effect of fulfilling its €639.8m backlog of orders taken at the international tradeshow will reap significant benefits for future earnings.
[Related: News from drupa 2016]
“At €352.5m group order intake from April to June was up 17.2% year-on-year, although the group’s figures for this quarter only contain around a third of orders placed at the trade show which were in the triple-digit million euro range,” says KBA.
“The catch-up effect will ensure additional stimulus in the second half-year as KBA traditionally only books orders that are fully documented and financially secure.”
Heidelberg posted a similarly glowing review of drupa 2016 in its first quarter revenue for 2016/17, stating ‘Thanks to a good showing at drupa, Heidelberg has made a solid start to the new financial year.”
“The high level of incoming orders at the trade show is particularly strong evidence of this.”
Its €804m order bill gave Heidelberg the financial push needed to offset a poor net result of €-37m.
The financial results for several other prominent press suppliers including Manroland have yet to be released.
Comment below to have your say on this story.
If you have a news story or tip-off, get in touch at editorial@sprinter.com.au.
Sign up to the Sprinter newsletter