KBA Q1 Report: Earnings Hit by Behind-Schedule Sales

Lower quarterly sales inevitably strained contribution margins and earnings. In addition, there were fewer special press deliveries with better margins. To sum up we posted an operating loss of €16.9m. Following a modest financial loss of €1.9m we made a pre-tax loss of €18.8m, compared to –€0.4m in 2012. On March 31, group results came to –€18.5m (2012: –€1.3m). This corresponds to earnings per share of –€1.12 (2012: –€0.08).