- Continued focus on packaging as a growth market
- Clear commitment to the current portfolio strategy
- Research and development budgets remain unaffected
To reinforce the company’s position as the leading supplier of press and post-press solutions for packaging, industrial and security printing applications, and to boost the earning power of the Koenig & Bauer Group, the management board has been working intensively on developing and expanding the “Performance 2024” efficiency programme over the past months. There are also plans to realise annual cost saving effects which will then amount to more than €100 million and continue increasing until 2024, while maintaining and, in fact, accelerating all innovation, process and product developments. The non-recurring costs in the mid two-digit million Euro range this makes necessary will be recorded in the group results for the business year 2020 as expenditure realised as a provision
The board members responsible for the "Performance 2024" efficiency programme explain to employees the measures that will enable the company to continue to develop even in a tense global economic situation. (from left to right: Michael Ulverich, COO, Claus Bolza-Schünemann, CEO, Dr. Andreas Pleßke, Segment Board Member