Bobst Group SA confirms its full year guidance
Bobst Group SA confirms its full year guidance for sales and operating profit (EBIT).
Bobst Group SA confirms its full year guidance for sales and operating profit (EBIT).
A new name for the world market leader in high-security printing solutions. KBA-NotaSys announces the change of its corporate name to Koenig & Bauer Banknote Solutions as of 1 June 2020. The name change will harmonize brands within the Koenig & Bauer Group and has no influence on the organization and structure of KBA-NotaSys. A global overhaul of the logo, the website and related visuals will be presented during the first half of 2020.
Gallus, a subsidiary of Heidelberger Druckmaschinen AG (Heidelberg), celebrated a milestone at Labelexpo Europe 2019 : the Gallus Labelmaster No. 100 is being installed at the printing company Interfas, based in Louviers, France. The conventional press with a printing width of 440 mm is equipped with eight flexographic printing units and three die-cutting units. Cold foil finishing is integrated, too. It is the first Gallus Labelmaster and the first flexo press for Interfas, which has previously relied exclusively on label production with offset printing.
Long-standing Nilpeter partner, Geostick Group, has added two additional Nilpeter 17 FA presses to an already impressive line-up of seven Nilpeter presses in the companys three production plants in Utihoorn, Heumen, and The Hague, Holland. The two new presses have been installed in The Hague plant.
As a result of significantly increased economic risks and greater price pressure from competitors, the market environment for Koenig & Bauer has become much more demanding. Due to strict price discipline, the sometimes massive concessions from the competition led to weaker order intake in the third quarter of 2019, particularly in the Sheetfed segment.
Stephan Plenz (54), Member of the Management Board responsible for technology and the Heidelberg Digital Technology segment, is leaving the company by mutual agreement at the end of his current contract in June 2020.
In the second quarter (July 1 through September 30, 2019), Heidelberger Druckmaschinen AG (Heidelberg) succeeded in almost compensating for the relatively weak start to the year. As a result, sales for the quarter (up 9 percent to 622 million),