KBA Sees Successful drupa Boosts Its Business in the Second Half-Year

Since going public 27 years ago KBA has paid shareholders a dividend almost every year from the earnings retained by the parent, Koenig & Bauer AG. Last year was an exception in that the parent’s earnings were insufficient and a dividend of 30 cents was based on consolidated profit, which is the determining factor for the group. As a logical consequence of this dividend policy, the management and supervisory boards tabled a motion at the AGM recommending that, in view of the unsatisfactory group performance, no dividend be paid for 2011 even though the parent posted a net profit for the year of €11.3 million as a result of unusually high earnings from shareholdings. The proposal prompted a number of counter-proposals from investors and a heated debate.