KBA Records Jump in New Orders for Sheetfed Presses

KBA on course despite strike in Frankenthal
Typically for the engineering sector, sales in the first five months fell short of annual targets. But despite delays in web press shipments caused by a six-week strike at KBA’s Frankenthal plant, management stands by its objective for 2011 of a single-digit percentage increase in group sales over the previous year (€1.18 billion), and a moderate improvement in earnings. More detailed information will not be available until the half-year report is issued in August. A skeleton agreement on ending the strike was signed the day before the AGM and a ballot will be held on whether work should resume on Monday, 20 June.