KBA Q1 Report: Earnings Hit by Behind-Schedule Sales

KBA's Vice President and CFO, Dr. Axel Kaufmann said: “The ongoing turn-around program in place until the end of 2014 in the competitive sheetfed and web offset business should noticeably improve earnings. Along with the continuing realignment of production capacity and amendments to wage agreements effective since the beginning of the year, there are also cost-saving measures in place in group purchasing and administration.”