KBA Reports Sheetfed Press Orders Hit Harder than Web

Since provision was made in last year’s accounts for the necessary personnel cuts, write-downs and other remedial action, KBA is targeting a balanced pre-tax result (EBT) for 2009, provided global demand does not deteriorate any further. Given the present economic turbulence, tighter credit in the real economy and investors’ loss of confidence, management sees little sense in attempting more detailed projections at this moment in time.