KBA FInancials Include Jump in Order Backlog

Pre- and post-tax profit
A group pre-tax profit of €3.3 million and annual net income of €0.4 million fell well short of the corresponding figures for the previous year of €15.3 million and €12.5 million. In view of this unsatisfactory performance, and the current challenging business environment, the management and supervisory boards plan to dispense with a dividend for 2011.

Solid finances and a strong cash flow
Despite bigger inventories, cash flows from operating activities surged to €83.9 million (2010: €30.1 million) following a jump in customer prepayments and a drop in trade receivables. This covered higher outflows for investing activities and boosted the free cash flow to €57.8 million.