KBA FInancials Include Jump in Order Backlog

Liquid assets soared to €145.6 million while bank loans were trimmed to €35.9 million, giving a net financial position of €109.7 million at the end of the December, over twice the figure for 2010 (€47.9 million). A comfortable level of liquidity and access to adequate credit lines document KBA’s solid financial profile, as does the high ratio of equity to the bigger balance sheet total, which in 2011 was 38.2 percent.

Trademark innovation
Whilst implementing rigorous cost-cutting initiatives, KBA has not economized at the expense of innovation, and the proportion of R&D to total group sales was again around 5 percent. According to the Patent Scorecard for Heavy Industrial Equipment, published in the Wall Street Journal in January this year, KBA has moved up from 21st to 11th position among the top 50 international players, ahead of all other major German press manufacturers.