KBA Q1 Report: Earnings Hit by Behind-Schedule Sales

Export level temporarily sinks to 71.2 percent

Domestic sales nearly doubled in the first quarter due to a rise in deliveries of web and sheetfed offset presses. Thus at 71.2 percent KBA’s export ratio was below average (2012: 89.2 percent). However, it is expected to return to normal, around 80 percent, in the upcoming quarters. 29.8 percent of group sales went to the rest of Europe, which was well below average given economic problems in key markets. The growing Asia-Pacific region, including the major market China, contributed 23.2 percent to group sales and the ratio attributable to North America rose slightly from 8.2 percent in 2012 to 10.9 percent. The proportion generated in Latin America and Africa came to 7.3 percent.