KBA Q1 Report: Earnings Hit by Behind-Schedule Sales

Management stands by goals for 2013

Despite lower order, sales and earnings figures, as well as global economic risks, the KBA management board believes its targets for 2013 remain realistic. These include similar sales to 2012 (€1,294m) and a modest improvement in pre-tax earnings. Management bases its forecast on the raft of deliveries scheduled for the following months and a rise in sheetfed orders expected in May from the world’s second-largest trade fair, China Print, in Beijing. We also expect new contracts in the web and special press division in the second and third quarters, such as the orders for newspaper web presses received in April.