KBA Reports Substantial Sheetfed Orders in Q2

KBA expects improved operating results in the course of the year as it pushes forward with turn-around programs in its traditional web and sheetfed business. Projects to harmonize processes and align group-wide purchasing are well on target. As part of this KBA is also investing in ensuring its competitiveness in the future. Despite the risks and expenses mentioned, management is targeting a group pre-tax profit (EBT) similar to last year (€6.1m). CFO Dr Axel Kaufmann: “Our annual earnings guidance anticipates a similar product mix as last year and takes into account the possibility of a slight decline in sales. It also covers our investment strategy for growth and process harmonizing or potential expenses resulting from capacity adjustments at our web facilities.”