KBA FInancials Include Jump in Order Backlog

But at €1.167.2 billion, group sales were marginally below the prior-year figure of €1.179 billion due to shipping delays and weak demand for sheetfed and web offset presses in the second half-year.

Patchy performance
Flagging investment activities in the final four months led to an 8.3 percent drop in new sheetfed contracts to €569.9 million. Brisk demand for niche products, however, sent the intake of new orders for web and special presses soaring by 48.1 percent to €982.2 million. Although the two divisions each posted sales worth €583.6 million, this represented an improvement of 5.9 percent over the prior year in sheetfed sales, but a slide of 7.1 percent in sales of web and special presses following shipping delays.