KBA Reports Significant Increase in Operating Profit

Payroll approaches 6,000
At the end of December the group workforce totalled 6,187, including 428 apprentices. Excluding the staff at the group’s newly consolidated Swiss subsidiary, Print Assist AG, the number of employees was down by 237, compared to 2011. Phased retirement schemes and other initiatives in place since 2009 to stabilize capacity will reduce the total to below 6,000 in the next few years. At KBA qualifying future generations remains a priority which is reflected in its above-average training rate of 6.9 percent.

Cautious outlook for 2013
In the outlook for 2013, KBA management refers to the unstable market environment, ongoing consolidation in the printing press industry and further risks, such as exchange rate developments, which make longer-term forecasts difficult. The KBA board will therefore clarify its views further in the interim reports to come.