KBA Reports Jump in Sheetfed, Web Press Orders

Forecast for 2010
Last year KBA was the only leading press manufacturer to post a profit, and notwithstanding its weak start to the year management is confident that, thanks to the realignment process implemented over the past twelve months, the group is on track to meet its targets.

President and CEO Helge Hansen says: “By the end of the year we anticipate higher group sales and a better pre-tax result than in 2009. In view of the strong increase in our order backlog in the first quarter, and the volume of orders expected in the second quarter, we have a real chance of achieving these objectives. However, at this early stage, and in view of current economic instability, we see little sense in issuing a sales and earnings forecast for the year. We shall keep you informed of progress to date in our regular financial reports.”