After the merger of two printing press producers, manroland web systems and Goss International, the newly formed manroland Goss Group had a successful financial year 2018, according to the company. With a combined turnover of 293 million euros ($332 million) and order intake of 327 million euros ($370.5 million), the company “has solidified its leading market position in web offset,” according to the company.
Major orders at the turn of the year valuing 50 million euros ($56.6 million) raised the order backlog to 200 million euros ($226.6 million) in the project business. “The company is currently at a very good capacity level, stretching into the second quarter of 2020,” according to the company.
"We have created a global company with the merger and provide the most comprehensive offer available on the market, with reduced cost structures and with a focus on efficient business processes. This is reflected now in our operative performance indicators," said Alexander Wassermann, CEO of the Germany-based company. "Our strategy is clear: A further expansion of our market position as well as the development of new profitable business fields."
R&D funding has been primarily invested in future-oriented areas, including flexible packaging printing, the preventative press maintenance system Maintellisense and the intelligent B2B eCommerce trading platform MARKET-X, according to the company. The company says two acquisitions support the company strategy: the asset purchase of Harland Simon and the share purchase of GWS Printing Systems.