KBA Reports 2008 Sales and Profit Targets No Longer Attainable

KBA management plans to compensate the foreseeable underutilisation of production capacities in the fourth quarter by making greater short-term use of its scheme of flexible working hours. Following a double-digit drop in the worldwide market volume for newspaper, commercial and sheetfed presses over the past eighteen months, KBA management has extended to the sheetfed division the capacity reductions initiated in the web division in September 2007. This adjustment to a probably longer spell of weaker demand, which will include human resources measures, will affect group facilities in Radebeul (Germany), Mödling (Austria) and Dobru?ka (Czech Republic).