KBA FInancials Include Jump in Order Backlog

Rising costs and investment impact on operating result
The rising cost of raw materials, heavy investment in new products, wage increases, unscheduled structural expenses and lower sales following external delays in deliveries until the current year reduced the group operating profit from €22.2 million in 2010 to €9.9 million. But despite unsatisfactory market pricing and fluctuating levels of plant utilization, KBA’s web and special press division posted a profit of €28 million (2010: €14 million), with niche and service activities playing a major role.