Koenig & Bauer AG announced consolidated earnings results for the year ended December 31, 2012. For the period the company reported sales of EUR 1,293.9 million against EUR 1,167.2 million for the same period last year. The double-digit growth in sales the healthy product mix and improved gross in some areas all had a positive impact on earnings. Earnings before tax was EUR 6.1 million against EUR 3.3 million for the same period last year. Net profit was EUR 2.3 million or 14 cents per share against EUR 0.4 million or 2 cents per share for the same period last year. Investment in intangible assets, property, plant and equipment was EUR 22.6 million against EUR 35.7 million for the same period last year. Cash flow from operating activities was EUR 83.3 million against EUR 83.9 million for the same period last year. Supervisory board will table a motion at AGM on June 13, 2013 proposing a Dividend of 40 cents per share. This represents a yield of 3.1% on the year-end share price.

Koenig & Bauer AG reported preliminary group earnings results for the year 2012. The group sales rose by over 10% to nearly €1.3 billion and a positive operating profit of over €30 million before special items, more than triple that of 2011 of €9.9 million. Operating and free cash flow were also significantly positive. The group posted a positive net profit for the fourth year in a row.

Koenig & Bauer AG (KBA) is planning to make acquisition in the growing flexible packaging market. Koenig & Bauer is looking to takeover Flexotecnica Spa to expand in the flexible packaging sector. The price for a majority stake in Flexotecnica will be in the high single digit million Euros. The acquisition has been approved by the KBA supervisory board. The final takeover by KBA is still subject to conditions which will be met in the next few months. KBA and Flexotecnica have agreed not to disclose any further details on the potential takeover.