KBA Q1 Report: Earnings Hit by Behind-Schedule Sales

Volatile demand for web and special presses

New orders for web and special presses came to €67.2m (2012: €83.7m) in the first quarter as awaited contract conclusions were postponed time and again by customers. At €92.5m sales failed to reach last year’s figure of €162.6m by more than 40 percent affected by usual fluctuations in the project business. At the end of March the volume of unfulfilled orders in this segment which is characterized by large press sizes stood at €449.5m.

Quarterly loss due to a slide in contributions