KBA Posts Pre-tax Profit in Third Quarter as Incoming Orders Spike

Group sales rose by 4.7 percent to €772.1m (2009: €737.3 million). Higher revenues in the third quarter, in conjunction with cost savings from an ongoing consolidation program, resulted in a pre-tax profit of €15.3m (2009: €9.6 million).

Earnings before taxes for the full nine months improved from €–37.8 million in 2009 to €–6.7 million. A net loss of €-9.2 million was also much better than the prior-year loss of €-39 million.