KBA Reports Jump in Press Orders

KBA posted a financial loss of €6.9 million (2009: a loss of €6 million), but boosted group pre-tax profit from €2.7 million in 2009 to €15.3 million. Net profit of €12.5 million was also well above the prior-year figure of €6.6 million.

Solid finances create room for innovation
Cash flows from operating activities of €30.1 million were roughly on a par with the previous year (€29.6 million), while the free cash flow surged from €4.9 million in 2009 to €20.4 million. With liquid assets totalling €91 million and bank loans reduced from €48.3 million to €43.1 million, KBA’s net financial position, at €47.9 million, was much stronger than the year before (€27.8 million).